Credit Suisse is set to make a return to the ETF fold with the conversion of three index funds into ETFs.

Credit Suisse is set to return to the ETF fold with a trio of MSCI-linked index ETFs.

The ETFs are being issued by Credit Suisse Asset Management and come seven years after the Zurich financial giant exited the ETF industry following the sale of its largely swap-based, bank-led ETF business to BlackRock in 2013.

The funds will be listed on SIX Swiss Exchange, Borsa Italiana and Xetra.

Credit Suisse says the move to reintroduce ETFs within its product suite is aimed at meeting the growing demand for liquid, exchange-tradable products in areas where they exhibit efficiency advantages over index funds.

Specifically, Credit Suisse believes that ETFs may better serve investors such as fintechs that have geared their processes and systems to stockmarket transactions.

Michel Degen, Head of Credit Suisse Asset Management Switzerland and EMEA, commented, “We continually analyse the market, new trends, and client needs to provide appropriate solutions for our customers. The strategic importance of ETFs will further increase in the future as digital sales platforms gain greater significance.”

Valerio Schmitz-Esser, Head of Credit Suisse Asset Management Index Solutions, added, “We have been replicating indices with exacting precision for a wide array of asset classes, regions, and currencies since 1994 and have been doing the same for ESG sustainability indices for over two years now. Through our core business, index funds, we have the critical mass and possess the technology and expertise to provide ETFs in targeted investment segments that supplement our existing offerings.”

The funds are linked to indices from MSCI and provide a mix of equity exposures.

They are the CSIF (IE) MSCI USA Blue UCITS ETF, the CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF, and the CSIF (IE) MSCI World ESG Leaders Blue UCITS ETF.

The funds will be established under Irish law.