What does UBS’s acquisition of Credit Suisse mean for ETFs?

etf

UBS’s acquisition of Credit Suisse will create Europe’s third-largest fund house, overtaking JPMorgan AM.
UBS will also become the second-largest passive fund provider in Europe, overtaking Vanguard and Amundi, and lagging only BlackRock in index fund and ETF assets. So whilst another big firm gets bigger, will this prompt other large ETF managers to look to make acquisitions and also muscle up? Maybe.

Credit Suisse surpasses $2bn AuM

Since their return to the ETF space in March of this year, Credit Suisse’s range of ETFs have surpassed $2bn in assets under management.