Prescient’s European ETF white-label platform is less to compete with the existing players like HANetf and Waystone, but rather to support South African managers looking to distribute UCITS ETFs to South African investors – at least to start with.
After registering an ETF platform in February, ETF Stream sat down with the fund administration firm’s head of strategy Niki Giles to understand more about the company, its white-labelling ambitions in Europe and why a handful of global ETF issuers are looking to tap into the South Africa market.
Prescient Fund Services, South Africa’s first ETF white-labeller
Prescient’s origins are South African. Founded in Cape Town in the late 1990s, it started life as an investment management group specialising in active, systematic investment strategies – later expanding into fund administration.
At this time local regulations permitted only…
