White label ETF platform HANetf has reduced the fees for three of its ETFs launched with GinsGlobal Index Funds.
As of 1 May, the TER for the HAN-GINS Cloud Computing UCITS ETF (SKYY), the HAN-GINS Innovative Technologies UCITS ETF (ITEK) and the HAN-GINS Indxx Healthcare Innovation UCITS ETF (WELL) have seen their total expense ratios (TERs) reduced from 0.75% to 0.59%.
SKYY, ITEK and WELL are listed on the London Stock Exchange, Borse Italiana, Xetra, Irish Stock Exchange and Cboe Europe.
GinsGlobal Index Funds, a North American-based company, launched the three ETFs with HANetf which handles the management, marketing, PR and sales for the products in Europe.
SKYY and ITEK were launched in 2018 before GinsGlobal launched WELL in 2019.
SKYY offers exposure to the 50 largest cloud computing companies, with a benchmark that uses artificial intelligence to identify companies that are involved in this industry. It implies a 4% weighting cap per company.
ITEK seeks to provide exposure to companies which are likely to benefit from the next industrial revolution. This includes companies in robotics and automation, cloud computing, cyber security and social media to name a few.
WELL is comprised of small to large cap companies from developed and emerging markets that are involved in the advanced life sciences and smart healthcare sector.
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