Big Tree Capital has teamed up with HANetf to barrage the aboriginal ETF in Europe via a white-label platform.
The Arising Markets and Ecommerce UCITS ETF (EMQQ) will account on the London Stock Exchange on 5 October with a absolute amount arrangement (TER) of 0.86%.
The ETF was originally launched on the New York Stock Exchange in November 2014 and has $365m in assets beneath administration (AUM).
It will accommodate investors with acknowledgment to companies alive the advance of online burning in the developing world.
The basis advance over 50 stocks including Alibaba and Tencent, weighting according to a adapted bazaar cap. Individual stocks are capped at 8%.
To be included in the index, bisected of companies’ profits charge be from Ecommerce or internet activities such as amusing network, online gaming or e-payment systems.
This is the aboriginal UCITS ETF in Europe to barrage via an absolute white-label belvedere and the aboriginal from HANetf, which was founded in August 2017 by co-CEOs Hector McNeil and Nik Bienkowski.
Kevin Carter, CEO of Big Tree Capital and founder and administrator of EMQQ Basis Committee, commented: “We accept that European investors will account from accepting authentic acknowledgment to the fast-growing and avant-garde internet companies in arising markets, which we accept is the best way to admission the advance of the agenda consumers in this ample and important allotment of the world.”
McNeil (pictured) commented: “The aboriginal barrage via the HANetf belvedere is a cogent anniversary for our team, but additionally a watershed moment for every asset administrator absent to advance their European ETF strategy.
“With this launch, HANetf has alone removed the aerial barriers to creating and ablution ETFs in Europe, aperture the gates for added asset managers – traditional, analytical or alive – to account from the able administration abeyant of ETFs.
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“With a abundantly acknowledged armamentarium in North America, the EMQQ aggregation accept been agog to aggrandize their administration abeyant and we are captivated to accept formed with them over to accompany this accurate abstraction to Europe.
“US and Asian managers who accept not entered the European ETF bazaar are a above ambition for HANetf.
“Prior to the appearance of HANetf across US and Asian ETFs accept struggled to access Europe coherently mainly due to the added complication of assorted exchanges and adjustment systems, languages, currencies, bounded laws and abounding added things that do not abide in their home markets.”
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