New York-based investment house VanEck is to launch a range of new exchange-traded funds (ETFs) following its takeover of Dutch firm Think ETF announced earlier this week.
The number of VanEck-sponsored Ucits ETFs available in Europe will rise from six to 20 with the addition of global property, sustainable equity and corporate and sovereign bond ETFs.
Think’s senior management will retain a minor stake in the company with the rest to be owned by VanEck.
Jan van Eck, chief executive of VanEck, said: “ETFs have seen significant uptake from the investment community in Europe over the past several years and there are events on the horizon that appear likely to spur an even greater migration of assets to the ETF structure in European markets.”
Van Eck has $46 billion (€37 billion) in assets under management while Think ETF has €1.5 billion.
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