VanEck has announced changes to its European ETF roster as it completes the integration of Think ETFs into its product portfolio.
Martijn Rozemuller, European Head of VanEck.
Effective immediately, the 14 funds acquired in January 2018 through the purchase of Dutch issuer Think ETFs have been renamed under the VanEck Vectors brand.
The ETFs include seven equity funds offering European, North American, and global equity exposure (as well as global ESG-screened and North American dividend funds); three fixed income funds targeting government and corporate bonds; and a global real estate ETF.
The three remaining ETFs are globally diversified multi-asset funds with ‘defensive’, ‘neutral’, or ‘offensive’ risk characteristics.
Following the integration, VanEck offers 24 VanEck Vectors ETFs in Europe. Its latest offering, launched on LSE in June 2019, is the VanEck Vectors Video Gaming and eSports UCITS ETF (ESPO LN), which became the first ETF in Europe to target companies linked to the video games and eSports theme.
All VanEck Vectors ETFs are physically replicated and do not engage in securities lending.
Martijn Rozemuller, European Head of VanEck, commented, “We are delighted to reinforce the VanEck brand in the UK and Europe and to further expand our growth through this rebranding operation. Our long-term objective is to be one of the top ten providers of ETFs in Europe, mirroring the position we already command in the US.”
Philipp Schlegel, Head of Sales for the United Kingdom at VanEck, said, “By renaming the Think ETFs as VanEck Vectors ETFs, we are finalizing the integration, broadening our product portfolio, and reinforcing the brand, while continuing to focus on innovative, forward-looking, and intelligently designed investment strategies.
“VanEck Vectors ETFs position themselves as specialized strategies such as gold mine equities, US smart-beta equities, and other specialties in the area of fixed income, such as fallen angel high yield bonds and emerging market bonds. By enlarging the product range and including equal weight equity benchmarks, dividends, and real estate, we offer attractive portfolio components for all types of investor.”