The changing economics of ETFs

New entry pathways are lowering the barriers to launching ETFs, but access is not the same as advantage. We reframe ETF growth as a franchise decision, exploring the distribution, economics, and governance choices that determine whether scale truly pays off.
 

In focus

State Street in France

We opened our office in 1991; today, State Street is the leading provider of middle-office services in the French market. Our solutions cover all asset classes and include core servicing – custody, accounting, fund administration, performance measurement and reporting – along with investment operations outsourcing and award-winning global markets capabilities. 200 local market experts support our clients’ growth objectives with our purpose in mind: helping deliver better outcomes for institutional investors and the people they serve.

Our capabilities

Our latest thinking

Inclusion and diversity