Exchange traded funds - ETFs

Exchange traded funds (ETFs) are traded on at least one stock exchange or similar venue. Passively managed (or index tracking) ETFs track an index, while actively managed ETFs are managed on a discretionary basis. ETF structures are generally known for their diversification, liquidity, transparency and low total expense ratios. UCITS and alternative investment funds (AIFs) can be structured as ETFs.

Our clients

Our firm advises clients from all over the world in the structuring of UCITS and AIF ETFs. We assists clients in structuring passively and actively managed ETFs in Luxembourg and offer expert advice on arranging the most suitable legal and operational framework for an ETF, taking into account target investors’ needs.

Our services

Our team assists clients with the key steps involved in structuring ETFs, including:

• Selecting the most suitable and strategically aligned legal structure for the ETF project
• Establishing a comprehensive governance and management framework
• Advising on the ETF ecosystem (primary and secondary market)
• Drafting the legal documentation required for setting up the ETF
• Drafting and negotiating agreements
• Navigating the compliance and regulatory landscape while safeguarding client interests
• Assisting with the approval process by the Luxembourg regulator
• Ongoing assistance in all legal, regulatory and tax matters, and in solving day-to-day issues while ensuring legal and regulatory compliance
• Advising on compliance with all sustainability-related laws and regulations (such as SFDR and the Taxonomy Regulation)
• Legal and regulatory updates and customised training on regulatory topics