Jupiter Asset Management is planning its entry into the European ETFs market via white-label ETF provider HANetf, ETF Stream can reveal.
The firm is set to host an internal discussion group on its ETF plans in the coming weeks, but is yet to file a product.
It will look to launch via HANetf once it has agreed the strategy, ETF Stream understands.
Jupiter AM and HANetf declined to comment.
It comes as the UK fund manager suffered $2.8bn outflows from its mutual fund range in 2023, however, this was stemmed by $342m inflows in H1.
The firm has $68bn assets under management (AUM) across its business by the end of Q1.
Following the Central Bank of Ireland’s (CBI’s) decision to approve listed share classes of mutual funds last year, Jupiter AM said ETF share classes were “not something currently on the radar”.
Active ETFs currently comprise 2% of ETF AUM in Europe, with $6.8bn inflows into the products driving the segment’s assets up 25% in the year-to-date as at 17 July, according to Morningstar data.
Jupiter AM’s launch plans come after fellow mutual fund giant, Janus Henderson, entered the European ETF market in April by acquiring fixed income specialist Tabula Investment Management.
The US mutual fund giant already operated a range of ETFs in the US housing more than $15bn assets under management (AUM).