Industry Updates

VanEck hits $10bn milestone in European ETFs

Launched first UCITS ETFs in 2015

Lauren Gibbons

Martijn Rozemuller

VanEck has crossed the $10bn milestone in European ETFs following strong inflows this year.

The firm launched its first UCITS ETFs in 2015, before acquiring Dutch ETF issuer ThinkETF for an undisclosed sum in January 2018.

The asset manager’s range now totals 50-strong ETFs after most recently launching two US wide moat ETFs in Europe this year.

The US player has posted a strong start to the year with inflows of $1.1bn, the tenth-highest across all European ETF issuers, as at 30 April, according to data from ETFbook.

This has been driven by demand for by the VanEck Defense UCITS ETF (DFNS) which reached $100m assets under management (AUM) a mere seven months after its launch in April 2023. DFNS’s assets have now swelled to $699m.

Demand for defence ETFs has been on the rise following an increasingly unstable geopolitical landscape, as Western countries dramatically increase their defence spending in the face of the war in Ukraine and building tensions between China and Taiwan.

The asset manager saw similar success with its rare earth industry ETF which grew to $100m AUM in five months after its launch in 2022, however, demand has since waned with assets sitting at $97m.

Martijn Rozemuller (pictured), CEO of VanEck Europe, said: “In the last year and a half, we have seen particularly strong inflows from private investors and increasingly from institutional clients – both of which have helped VanEck reach this significant milestone.

“We are excited to keep working hard on behalf of our investors in over 17 European markets.”

Elsewhere, VanEck’s uranium ETF was added to Courtville Partners’ model portfolio in April, with the product returning 20.4% year to date.

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