London-based ETF Securities has taken full ownership of the ANZ ETFS joint venture, launched in partnership with Australia and New Zealand Banking Group in May 2015. ANZ ETFS has been rebranded ETF Securities Australia to reflect it as a wholly-owned subsidiary under ETF Securities.

ANZ ETFS has been renamed ETF Securities Australia to reflect it as a wholly owned subsidiary of ETF Securities.

Graham Tuckwell, founder and chairman of ETF Securities, commented: “We are pioneers in exchange-traded products and we have a long history of creating high quality alternative investment solutions for global investors. Australia is an important part of our global strategy and we are keen to make our Group’s expertise and resources available to the Australian market and to help local investors achieve their investment goals.”

Shayne Collins, managing director of markets, institutional at ANZ, said: “The decision to sell our stake in ANZ ETFS is based on ANZ’s desire to simplify the institutional business, and increase focus on supporting client trade and capital flows across the region.”

ETF Securities now conducts business in Europe, the USA and Australia and has global assets under management in excess of $22 billion. The Australia-based operations will continue to be led by Kris Walesby, the current head of ANZ ETFS.

“We are committed to delivering an ambitious programme of new products which we expect to start rolling out over the remainder of 2017,” said Walesby. “We already have a strong foundation here with 13 ETPs listed on the ASX (eight launched under the ANZ ETFS name and five existing ETF Securities products) and I’m incredibly excited to have a pipeline of innovative, cost-effective solutions to share with Australian investors.”

ETF Securities offers a range of single and broad basket precious metals ETPs, currency ETFs providing exposure to the US dollar or the renminbi relative to the Australian dollar, broad Australian and continental Europe equity ETFs, Australian and US high dividend funds and a global technology sector ETF.

The firm’s total line-up of ETFs are:

ETFS Physical Gold
ETFS Physical Palladium
ETFS Physical Platinum
ETFS Physical PM Basket
ETFS Physical Silver
ETFS Physical Singapore Gold ETF
ETFS Physical US Dollar ETF
ETFS Physical Renminbi ETF
ETFS S&P 500 High Yield Low Volatility ETF
ETFS EURO STOXX 50 ETF
ETFS Morningstar Global Technology ETF
ETFS S&P/ASX 100 ETF
ETFS S&P/ASX 300 High Yield Plus ETF