Rize ETF has hit the $100m assets under management (AUM) barrier less than a year after launching its first ETFs in February 2020.
The thematic ETF specialist has a four-strong range. The Rize Cybersecurity and Data Privacy UCITS ETF (CYBR), which has $65m AUM, and the $12m Rize Medical Cannabis and Life Sciences UCITS ETF (FLWR), were the firm’s first ETFs to be unveiled.
These were followed by the launch of the $19m Rize Sustainable Future of Food UCITS ETF (FOOD) and the $6.8m Rize Education Tech and Digital Learning UCITS ETF (LERN) last September.
For each ETF, the firm has partnered with index provider Foxberry and a specialist in that megatrend such as Tematica Research for CYBR and FOOD.
Commenting on the milestone, Rahul Bhushan (pictured), co-founder of Rize ETF, said: “We are talking about technology in food, in education, in health, in the way we work – no areas of our lives will remain untouched.
“And as this technological disruption permeates, we have the ability, through thematic investing, to back the companies we believe are building the type of future we want to live in.
“It is these developments that drive our company’s ambition to offer access to global megatrends in a collective and transparent way to the European market.”
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Rize ETF was set-up in early 2020 by Bhushan, Stuart Forbes, Anthony Martin and Jason Kennard who worked together at ETF Securities and subsequently Legal & General Investment Management when it acquired the Canvas platform in late 2017.