Citywire for Financial Professionals
Stay connected:

View the article online at

US group WisdomTree swoops on ETF Securities

US exchange-traded fund provider buys bulk of UK's ETF Securities business for $611 million.

US group WisdomTree swoops on ETF Securities

US exchange-traded fund provider (ETF) WisdomTree Investments has agreed to buy UK group ETF Securities' commodity, currency and short-and-leveraged ETF business for around $611 million (£465 million).

The move hands the US group, the ninth largest ETF provider in the world, a major foothold in the UK and European markets, taking on a further $17.6 billion of assets to take its total to around $66 billion.

ETF Securities' commodities business is its largest and ranks as the third largest ETF commodity business in the world. It includes the company's flagship ETFS Physical Gold (PHAU ), which houses $6.2 billion of assets.

To fund the deal, WisdomTree will pay $253 million in cash and 30 million of its own shares, which will hand ETF Securities an 18% stake in the business.

WisdomTree chief executive Jonathan Steinberg said: 'The acquisition will immediately add scale, diversification and profitability to our business in Europe, the second largest ETF market in the world and a strategically important region for us and the entire industry.' 

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

The Citywire Guide to Investment Trusts

In this guide to investment trusts, produced in association with Aberdeen Asset Management, we spoke to many of the leading experts in the field to find out more.

Watch Now

More about this:


  • ETFS Physical Gold
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them


Today's articles

Tools from Citywire Money

From the Forums

+ Start a new discussion

Weekly email from The Lolly

Get simple, easy ways to make more from your money. Just enter your email address below

An error occured while subscribing your email. Please try again later.

Thank you for registering for your weekly newsletter from The Lolly.

Keep an eye out for us in your inbox, and please add to your safe senders list so we don't get junked.


FTSE back above 7,000 as Superdry and Convatec dive

by Daniel Grote on Oct 15, 2018 at 15:15

Sorry, this link is not
quite ready yet