Big Tree Capital has teamed up with HANetf to barrage the aboriginal ETF in Europe via a white-label platform.
The Arising Markets and Ecommerce UCITS ETF (EMQQ) will account on the London Stock Exchange on 5 October with a absolute amount arrangement (TER) of 0.86%.
The ETF was originally launched on the New York Stock Exchange in November 2014 and has $365m in assets beneath administration (AUM).
It will accommodate investors with acknowledgment to companies alive the advance of online burning in the developing world.
The basis advance over 50 stocks including Alibaba and Tencent, weighting according to a adapted bazaar cap. Individual stocks are capped at 8%.
To be included in the index, bisected of companies’ profits charge be from Ecommerce or internet activities such as amusing network, online gaming or e-payment systems.
This is the aboriginal UCITS ETF in Europe to barrage via an absolute white-label belvedere and the aboriginal from HANetf, which was founded in August 2017 by co-CEOs Hector McNeil and Nik Bienkowski.
Kevin Carter, CEO of Big Tree Capital and founder and administrator of EMQQ Basis Committee, commented: “We accept that European investors will account from accepting authentic acknowledgment to the fast-growing and avant-garde internet companies in arising markets, which we accept is the best way to admission the advance of
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