Credit Suisse Asset Management has re-entered Europe’s fiercely competitive exchange traded funds market, seven years after it sold its ETF business to BlackRock, the world’s largest asset manager.

Credit Suisse, which manages almost $430bn, announced it is launching three ETFs to “supplement” its existing range of index funds. It said it took the step due to growing demand from some investors, such as fintechs, that have “geared their processes and systems to stock-market transactions”.