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ETFS Capital sells asset management fund
ETFS Capital Limited has been advised on the sale of 100 per cent of shares of renowned asset management fund ETFS (AUS), founded in 2002.
Simon Levett
Firm: MinterEllison (ETFS Capital Limited)
Value: More than $4.7 billion
Area: Finance
Key Players: The team was led by partner Michael Scarf with specialist support from across the firm in areas such as finance, capital solutions, tax and employment.
Deal Significance: In a recent review, BetaShares stated how “the popularity of ETFs has dramatically increased in the last few years, particularly amongst investors who are looking to use ETFs to gain exposure to global megatrends — such as artificial intelligence, robotics, cloud computing, cyber security, video games and e-sports”.
In addition, the “ETFs are also a vehicle utilised by those looking to invest ethically, such as in the clean energy market. This sale is a great outcome for our client and for the EFT Securities business, which can expand the scope of its operations in the Australian market”.
