NEW YORK, Dec. 01, 2020 (GLOBE NEWSWIRE) — World X ETFs, the New York-based supplier of exchange-traded funds (ETFs), at the moment introduced the launch of its European enterprise operation. World X, identified for its thematic progress, earnings, and worldwide entry methods, will purpose to deliver its clever funding options to a European viewers of buyers by way of UCITS ETFs.
To help the enlargement, World X has employed a crew of senior executives to handle the launch and progress of its European enterprise and has plans to roll out a number of funding methods within the coming months.
Rob Oliver joins as Head of Enterprise Growth for World X ETFs in Europe and can be liable for main the agency’s UCITS ETF distribution efforts throughout the continent. Previous to becoming a member of World X, Mr. Oliver was World Head of Beta and Systemic Methods inside World Wealth Administration at J.P. Morgan.
Morgane Delledonne has been employed as Director of Analysis and can be liable for selling the agency’s totally researched funding insights throughout Europe. Ms. Delledonne will present evaluation and thought management on ETFs and markets for European shoppers and buyers. She was most lately an ETF Funding Specialist at BMO World Asset Administration and is a continuously cited knowledgeable within the monetary media.
“For over a decade, now we have supplied buyers with clever funding methods, notably people who serve to boost progress by means of thematic investments or increase earnings by means of different sources,” mentioned Luis Berruga, CEO at World X. “These methods have been exceptionally well-received world wide, notably in Europe, making our choice to launch a UCITS ETF providing a transparent subsequent step in our progress. We’re thrilled to work carefully with Morgane, Rob, and our prolonged international crew, and sit up for increasing our revolutionary options to European audiences.”
The European enlargement is the newest in a collection of serious achievements for World X ETFs, together with the agency’s exceptional 50% progress in belongings beneath administration within the final twelve months to over $18 billion.i In 2018, World X ETFs was acquired by Mirae Asset, a world chief in monetary companies, which has an in depth international ETF platform ranging throughout the US, Australia, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, and Korea with over $50bn in belongings beneath administration.ii In 2019, World X and Daiwa Securities Group partnered to launch World X Japan, bringing World X’s differentiated ETF methods to the third largest ETF market on the planet. Additionally final 12 months, Mirae Asset’s Hong Kong ETF division was rebranded beneath the World X banner, additional extending World X’s international presence as a number one ETF supplier.
“There couldn’t be a extra thrilling time to hitch World X and develop the agency’s attain into Europe,” added Mr. Oliver. “In 2019, the European ETF market surpassed €100 billion in internet inflows for the primary time.iii There’s immense progress within the adoption of ETFs in Europe, offering an thrilling alternative for us to offer this burgeoning market with the rigorously researched methods and distinctive exposures that World X has turn into identified for.”
Mr. Oliver and Ms. Delledonne can be primarily based out of Mirae Asset’s European headquarters in London.
About World X ETFs
World X was based in 2008 with the mission of listening to and empowering shoppers to speculate correctly in unexplored and clever options. Our product lineup options greater than 70 ETF methods. Whereas we’re distinguished for our Thematic Progress, Earnings and Worldwide Entry ETFs, we additionally provide Core, Commodity, and Alpha funds to swimsuit a variety of funding targets. World X is a member of Mirae Asset Monetary Group, a world enterprise with over $400 billion in belongings beneath administration worldwide. Discover our ETFs, analysis and insights, and extra at www.globalxetfs.com.
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This data will not be supposed to be particular person or customized funding or tax recommendation and shouldn’t be used for buying and selling functions. Please seek the advice of a monetary advisor or tax skilled for extra data concerning your funding and/or tax scenario.
Investing entails threat, together with the doable lack of principal.
Info supplied by World X Administration Firm LLC (World X ETFs or World X).
i World X ETFs, as of November 27, 2020
ii Mirae Asset, as of November 20, 2020.
iii Funds Europe, “Inflows into European ETFs surpass €100 Billion,” Jan 29, 2020.