VanEck Investments has launched its suite of UCITS ETFs in Italy and Austria, marking the next step in the expansion of the firm’s ETF business in Europe.
VanEck started with the launch of two gold miners ETFs and a US equity ETF in 2015. Going forward, Italian and Austrian investors will have access to all fund information, research, investment themes, and other VanEck services, the firm writes.
“After a successful start in Europe, Asia, and Latin America and listings in London, Frankfurt and Zurich, we saw increasing interest in our UCITS ETF platform worldwide,” says Uwe Eberle, Head of International Business Development and Distribution. “We are committed to making our funds and services available to European investors, and registering our ETFs broadly allows us to respond to investors’ interests.” VanEck is currently focusing on expanding both UCITS ETF distribution and fund offerings worldwide.
The VanEck Vectors Gold Miners UCITS ETF (GDX) and the VanEck Vectors Junior Gold Miners UCITS ETF (GDXJ) provide access to the global gold mining sector. GDX covers a comprehensive portfolio of large, mid-sized, and small global gold mining companies. GDX is currently the third largest gold mining UCITS ETFs in Europe by assets under management. GDXJ invests in micro-, small-, and medium-capitalisation mining companies, called ‘juniors’ because they are in an exploratory or early mining phase.
The VanEck Vectors Morningstar US Wide Moat UCITS ETF is the first ETF in Europe to provide exposure to US companies with a Morningstar Economic MoatTM Rating of Wide. The underlying index developed by Morningstar is based on the idea of economic moats, i.e. long-term structural advantages that allow a company to withstand competition. The Morningstar Wide Moat Focus Index has outperformed the broader US equity market since its inception. Year to date, the index has outperformed the S&P 500 Index by 12.43 per cent.