VanEck consolidates UCITS ETFs and active funds

Jun 19th, 2017 | By | Category: ETF and Index News

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VanEck has announced the consolidation of its UCITS platforms, consisting of passively managed ETFs and actively managed mutual funds in Europe, into a newly established legal entity in Ireland, the VanEck ICAV.

Torsten Hunke, managing director of VanEck Europe

Torsten Hunke, managing director of VanEck Europe.

According to VanEck, the consolidation of its UCITS platforms marks the next step in the company’s business expansion following the integration of VanEck’s European ETF and active fund business into one business unit in 2016.

Torsten Hunke, managing director of VanEck Europe, said: “Having both our active funds and ETFs domiciled in one country is an important step in growing our UCITS business in Europe and beyond. This consolidation will maximize efficiency, enhance our resources, and support our future business expansion initiatives.”

There are currently four VanEck Vectors UCITS ETFs in Europe:
VanEck Vectors Gold Miners UCITS ETF
VanEck Vectors Junior Gold Miners UCITS ETF
VanEck Vectors Morningstar US Wide Moat UCITS ETF
VanEck Vectors JP Morgan EM Local Currency Bond UCITS ETF

VanEck also recently rolled out British pound-denominated share classes of the funds, providing greater flexibility in currency exposure for local and international investors.

All costs in connection with the transfer of assets and the termination of the merging funds, as well as all legal, advisory and administrative costs associated with the consolidation will not be charged to the shareholders, but will be borne by VanEck.

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