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VanEck buys majority stake in Think ETFs


BinckBank (60 per cent), Flow Traders (24 per cent) and Think ETFs’ management (16 per cent) have sold their stakes in Think ETF Asset Management to VanEck Associates Corporation. The result is that VanEck will own almost all of Think ETFs, with its management retaining a small stake.

Vincent Germyns, CEO of BinckBank says: “From our perspective Think ETF’s has done a great job in realising a breakthrough on ETFs for Dutch retail investors. Their first class ETF-products have been awarded many times and are regarded as ‘best in class’. They are highly valued by our customers and therefore Think ETF’s remains a preferred issuer for BinckBank. However, to take advantage of the next growth phase we think Think ETFs is better positioned being part of a global partner in order to obtain the scale needed for tomorrows financial environment. We thank the management of Think ET’s for their tremendous efforts and are convinced they will be able to flourish under VanEck.”
Dennis Dijkstra, co-CEO of Flow Traders, says: “We are pleased to see that with this transaction, Think ETFs will have a solid platform to propel their proposition to a wider audience and can find the support it needs to further grow their business. Flow Traders is proud to have been part of the development of Think ETFs to where it is today. Management of Think ET’s has done a great job and will now guide the company into a new phase. With its network and knowledge, Van Eck will be able to support Think ETFs’ development to become an even more complete ETF platform for investors. Flow Traders will remain committed to Think ETF’s as a leading liquidity provider in their products.”
Think ETFs’ management says that it has committed itself to the strategy of VanEck and is confident about the increased growth potential.

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