Gareth Parker, chief indexing officer, and Rob Edwards, director of ESG product management at Morningstar Indexes, have pointed to the growth of custom indexing as one of the key drivers of the space as well as the increasing focus on climate change investing through the Paris-Aligned Benchmark (PAB) indices.

Speaking to ETF Stream, the duo highlighted five trends that are driving the index provider space including the change in brand relevance, regulation, fees, custom indexing and direct indexing.

Industry Interviews is a series where ETF Stream and its partners analyse some of the key trends from across the European ETF market