HANetf Brings Global Innovation and Cloud Computing ETFs to Europe
- Multi-Billion Dollar GinsGlobal Index Funds joins forces with HANetf for ETF debut
- HAN-GINS Global Innovative Technology UCITS ETF (ITEK)
- HAN-GINS Global Cloud Technology UCITS ETF (SKYY)
- First traditional asset manager and second client to list in Europe via HANetf platform
London, 8th October 2018 – HANetf, Europe’s first independent ‘white-label’ UCITS ETF platform is delighted to announce that the HAN-GINS Cloud Technology UCITS ETF (SKYY) and HAN-GINS Global Innovative Technologies ETF (ITEK), will launch on London Stock Exchange on 10th October, 2018. The two new ETFs quickly follow the listing of EMQQ which was listed on the 5th October, 2018.
EXCHANGE | BLOOMBERG CODE | RIC | ISIN | CURRENCY | SEDOL |
ITEK | 75 bps TER | ||||
London Stock Exchange | ITEK | ITEK.L | IE00BDDRF700 | USD | BYVJ8Y3 |
London Stock Exchange | ITEP | ITEP.L | IE00BDDRF700 | GBP | BYVJ9D9 |
SKYY | 75 bps TER | ||||
London Stock Exchange | SKYY | SKYY.L | IE00BDDRF924 | USD | BYVJ8T8 |
London Stock Exchange | SKYP | SKYP.L | IE00BDDRF924 | GBP | BYVJ9B7 |
The two new ETFs enable investors to gain exposure to companies leading transformative technological and industrial innovation on a global basis. The new ETFs have been developed with GinsGlobal Index Funds, a multi-billion dollar global asset management organisation, as their inaugural European funds and first ETFs.
The HAN-GINS Cloud Technology UCITS ETF (SKYY) tracks the Solactive Cloud Technology Index, an index of leading companies that are active in the field of cloud-based software and services. The fund uses an artificial intelligence process to identify and capture a global cloud technology opportunity set with constituents weighted by market capitalization and capped at 4%. The fund has TER of 75 bps.
The HAN-GINS Global Innovative Technology UCITS ETF (ITEK) tracks the Solactive Innovative Technologies Index, a diversified, global index of pioneering companies that are poised to create and benefit from tomorrow’s industrial revolutions. The fund targets companies involved in Robotics & Automation, Cloud Computing & Big Data, Cyber Security, Future Cars, Genomics, Social Media, Augmented and Virtual Reality and Blockchain, enabling investors to gain exposure to many world-changing, high-growth sectors in a single trade. The fund has TER of 75 bps.
With these launches, GinsGlobal becomes the second U.S. asset manager, (following Big Tree Capital’s launch of EMQQ earlier this month), and the first institutional asset manager to launch a UCITS ETF through the HANetf platform.
The launch demonstrates barriers to European ETF market entry have been effectively dismantled by HANetf, emulating the approach of the US ETF industry where asset managers using a white label platform to launch ETFs has become commonplace.
In HANetf, asset managers seeking to join the European ETF market have a cost effective, scalable and coherent market entry solution. Many aspiring ETF issuers are held back by concerns about perceived high barriers to entry and the challenges of competing with established industry leaders. HANetf offers a new solution – dramatically lowering the barriers to entry and providing scale through aggregation. Through the HANetf platform, asset managers can now have an ETF on market in under 100 days.
This solution is especially attractive to US managers, who tend to see Europe as a much more complex set of markets. They are familiar with a market structure with only one or two exchanges, a single settlement & clearing infrastructure, one currency, one language and one tax system. Europe is the opposite – multiple exchanges, clearing and settlement systems, tax laws, languages and currencies. HANetf navigates all these complexities for the asset manager, enabling them to focus on what they do best – developing phenomenal investment concepts.
Anthony Ginsberg, Founder and Managing Director of GinsGlobal Index Funds said: “We’re delighted to be partnering with the HANetf team on our first European ETF offerings. We believe HANetf’s Irish platform is an attractive proposition for many global investors as they have made our transition from mutual funds to ETFs as smooth as possible. Our unique theme-based ETFs focusing on Cloud Computing and Innovative Technologies will provide European investors with easy low-cost access to dynamic global companies representing the Fourth Industrial Revolution. These two ETFs, include leaders in Robotics, Artificial Intelligence, Cyber Security, Social Media, Future Cars, Blockchain, Cloud Computing and Genomics. Investors benefit from Solactive’s broad-based indices – including household names from the US, China and Europe, plus many other ground-breaking companies.”
Nik Bienkowski, co-Founder and co-CEO at HANetf, said: “GinsGlobal has successful and well-established institutional funds in the U.S., and their team identified the opportunity to future-proof their business and extend their distribution via a European ETF offering. These launches demonstrate that the barriers to entry to the European ETF markets have been totally dismantled. No longer do asset managers need a European footprint, or their own ETF infrastructure to benefit from the disruptive distribution power of ETFs. We are delighted to have worked with GinsGlobal to bring these exciting new propositions to European investors.”