Prediction 6: ETF share class adoption in Europe to be slower than industry expectations

While there have been promising recent developments, ETF share classes are not a universal solution for market entry in Europe. There are operational, tax, regulatory and commercial hurdles which need to be solved on a case-by-case basis. We expect slower uptake than anticipated for share class adoption in 2026, with issuers instead favouring easier ETF entry routes. This reflects the complexity of aligning regulatory frameworks with investor demand for flexibility.