VanEck Investments has registered a suite of exchange-traded funds (ETFs), which is dominated by two gold-themed products, for sale in Austria and Italy as part of its European expansion.
The US firm entered the European ETF market in 2015 with the launch of two ETFs investing in gold mining companies, and a third ETF investing in US equities.
VanEck’s ETFs are listed in London, Frankfurt and Zurich, and it has further listings in Latin America and Asia.
“After a successful start in Europe, Asia, and Latin America and listings in London, Frankfurt and Zurich, we saw increasing interest in our Ucits ETF platform worldwide,” said Uwe Eberle, head of international business development and distribution.
According to VanEck, its VanEck Vectors Gold Miners Ucits ETF is the third largest gold mining Ucits ETF in Europe.
Earlier this year, VanEck restructured its European business to bring active strategies and ETFs into one business under Eberle.
©2016 funds europe
