Current developments for the registered funds industry

This Summer 2025 edition of current developments for the registered funds industry focuses on topics impacting the industry and links to recent publications of interest. ETFs, ETF share classes, digital assets and finance functions for asset managers Featured articles include:

• ETF 2029: The Path to $30 trillion – this article summarizes the future growth of ETFs and its dynamic landscape as the industry faces regulatory changes, advancement in technology and evolving investor preferences.
• ETF Share classes Update – since our last publication, there have been significant developments in the ETF share class. This piece captures how over 50 firms have updated their respective ETF share class exemptive orders this spring.
• Digital Assets 2025: Regulatory Reset, Tokenization Surge & Next-Gen Custody – discusses reshaping investment strategies, custody solutions, and the tokenization of assets, signaling a new era in the financial ecosystem.
• Asset & Wealth Management Finance Function reinvention & Embracing Managed Services for Sustainable Growth in 2025 – this industry is undergoing transformative shifts as firms face increasing fee compression, cost pressures and business model complexity; this article summarizes some of the pressures on firms to manage more with less.

Our industry is ever changing, and the growth opportunities are endless. Use this publication to see where the path forward suits you and your firms, clients, and products.