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ETF Securities to sell its European Exchange-Traded Commodity, Currency and Short-and-Leveraged Business to WisdomTree

13 november 2017 Inga kommentarer

ETF Securities to sell its European Exchange-Traded Commodity, Currency and Short-and-Leveraged Business to WisdomTreeETF Securities to sell its European Exchange-Traded Commodity, Currency and Short-and-Leveraged Business to WisdomTree

ETF Securities Limited (ETF Securities) has agreed to sell its European exchange-traded commodity, currency and short-and-leveraged business to WisdomTree Investments, Inc. (WisdomTree), the Nasdaq-listed (ticker: WETF) and New York headquartered global exchange-traded product provider. ETF Securities to sell its European Exchange-Traded Commodity, Currency and Short-and-Leveraged Business to WisdomTree.

The business being sold comprises all the European operations of ETF Securities, excluding the ETF platform.

The business being sold to WisdomTree has a comprehensive range of commodity, currency and short-and-leveraged products, AUM of $17.6 billion* and more than 50 dedicated staff. WisdomTree and ETF Securities will work to ensure that integration is seamless and expect no change to the current high standards of service and operations experienced by our customers and partners.
The sale is subject to regulatory approval and is currently anticipated to close in late Q1 2018.

WisdomTree and ETF Securities share a common entrepreneurial history and drive, with similar cultures and commitment to innovation. Together we can best meet the evolving needs of our customers. By combining our ETP business with WisdomTree and becoming its largest shareholder we are creating a leading independent global ETP provider. The new firm will be uniquely positioned to flourish in the years ahead, continuing to deliver huge value for customers and stakeholders.

Our press release can be found here

* Source: ETF Securities, as at 9/11/2017

Please contact us if you have any questions:

Catarina Donat Marques
ETF Securities (UK) Limited
T +44 20 7448 4386
E catarina.donatmarques@etfsecurities.com

Important Information

This communication has been issued and approved for the purpose of section 21 of the Financial Services and Markets Act 2000 by ETF Securities (UK) Limited (“ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (the “FCA”).

The information contained in this communication is for your general information only and is neither an offer for sale nor a solicitation of an offer to buy securities. This communication should not be used as the basis for any investment decision. Historical performance is not an indication of future performance and any investments may go down in value.

This document is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering of shares or securities in the United States or any province or territory thereof. Neither this document nor any copy hereof should be taken, transmitted or distributed (directly or indirectly) into the United States.

This communication may contain independent market commentary prepared by ETFS UK based on publicly available information. Although ETFS UK endeavours to ensure the accuracy of the content in this communication, ETFS UK does not warrant or guarantee its accuracy or correctness. Any third party data providers used to source the information in this communication make no warranties or representation of any kind relating to such data. Where ETFS UK has expressed its own opinions related to product or market activity, these views may change. Neither ETFS UK, nor any affiliate, nor any of their respective officers, directors, partners, or employees accepts any liability whatsoever for any direct or consequential loss arising from any use of this publication or its contents.

ETFS UK is required by the FCA to clarify that it is not acting for you in any way in relation to the investment or investment activity to which this communication relates. In particular, ETFS UK will not provide any investment services to you and or advise you on the merits of, or make any recommendation to you in relation to, the terms of any transaction. No representative of ETFS UK is authorised to behave in any way which would lead you to believe otherwise. ETFS UK is not, therefore, responsible for providing you with the protections afforded to its clients and you should seek your own independent legal, investment and tax or other advice as you see fit.

 

 

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