White-label ETF provider agreement highlights Europe challenges

November 21, 2023--HANetf and Tidal have agreed to collaborate so their respective clients can launch ETFs in the US and Europe
An innovative tie-up between Europe's dominant third-party exchange traded fund platform and a giant of the US market has been heralded as a breakthrough paving the way to greater choice for investors on both sides of the Atlantic.

However, the deal may also signal the difficulty of getting a so-called "white label" ETF business off the ground in a fragmented European market, with its multiplicity of countries, currencies, languages and regulatory regimes.

IMF World Economic Outlook -Global Economy in Flux, Prospects Remain Dim October 2025

October 14, 2025-- While the near-term forecast is revised up modestly, global growth remains subdued, as the newly introduced policies slowly come into focus
The global economy is adjusting to a landscape reshaped by new policy measures. Some extremes of higher tariffs were tempered, thanks to subsequent deals and resets. But the overall environment remains volatile, and temporary factors that supported activity in the first half of 2025-such as front-loading are fading.