HANetf lists new UCITS online ecommerce ETF on SIX Swiss Exchange
HANetf, Europe’s first ‘private label’ UCITS ETF issuer, has launched the Global Online Retail UCITS ETF (IBUY) on the SIX Swiss Stock exchange.
The Global Online Retail UCITS ETF (IBUY) will track the EQM Global Online Retail Growth Index (IBUYGRON) and will have a TER of 0.69 per cent. The index seeks to track the combined performance of a basket of global stocks that derive significant revenue from online commerce generated by the online retail and online marketplace segments. The index is revenue-weighted with a maximum of 25 per cent of exposure to Emerging Markets. Key holdings include Etsy, HelloFresh, Peloton, and Delivery Hero. IBUY listed last month on London Stock Exchange, Borsa Italiana and Deutsche Boerse.
The team behind the EQM Global Online Retail Growth Index have created and managed indexes that are used by US ETFs with over USD USD4.6 billion in assets under management, including 5-star Morningstar rated funds.
Jane Edmondson, Co-Founder and Principal of EQM Indexes, says: “The case for online retail has never been stronger. Online retail is the fastest growing segment of retail sales. Competitive pricing, shopping convenience, greater product selection, and rapid delivery have made online retail a disruptive technology that is here to stay.
"We are very excited the EQM Global Online Retail Growth Index will serve as the benchmark for a UCITS ETF in Europe. US investors have recognized the investment opportunity in online retail stocks and we expect to see similar demand from investors in Switzerland.
"HANetf offers a unique platform for business like ours and provides a one stop shop for issuance, capital markets, marketing and distribution. We look forward to listing the Global Online Retail UCITS ETF (ticker: IBUY) on the SIX Swiss Exchange using the HANetf platform.”
Hector McNeil of HANetf says: “We are delighted to bring the Global Online Retail UCITS ETF (IBUY) to the Swiss investment market. It focuses on a dynamic, fast-growing sector, that has only just begun to change the way consumers shop all over the world. IBUY is an excellent addition to the HANetf’s range of thematic ETFs which provide investors with the opportunity to participate in global megatrends.
"HANetf is becoming known as a leading thematic UCITS ETF platform and creator of European market firsts and builds on our success with other thematic themes including emerging markets e-commerce, Bitcoin, medical cannabis, cloud computing, medical innovation, 5G digital connectivity & infrastructure and more. Investors are voting with their feet and have helped HANetf grow from USD67 million at the start of 2020 to over USD2 billion today.”