In March HANetf, Europe’s first ‘private label’ UCITS ETF issuer, will launch a UCITS ETF tracking the EQM Global Online Retail Growth Index. The Index is a globally-diverse basket, including developed and developing markets, of publicly-traded companies that obtain 60% or more of revenue from online retail and online marketplace commerce. The Global Online Retail UCITS ETF (LSE ticker: IBUY) will list on London Stock Exchange later this month.
The Global Online Retail UCITS ETF (IBUY) will track the EQM Global Online Retail Growth Index (IBUYGRON) and will have a TER of 0.69%. The index seeks to track the combined performance of a basket of global stocks that derive significant revenue from online commerce generated by the online retail and online marketplace segments. The index is revenue-weighted with a maximum of 25% of exposure to Emerging Markets. Key holdings include Etsy, HelloFresh, Peloton, and Delivery Hero.
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The team behind the EQM Global Online Retail Growth Index have created and managed indexes that are used by US ETFs with over USD $4.6 billion in assets under management, including 5-star Morningstar rated funds.
Jane Edmondson, Co-Founder and Principal of EQM Indexes said “The case for online retail has never been stronger. Online retail is the fastest growing segment of retail sales. Competitive pricing, shopping convenience, greater product selection, and rapid delivery have made online retail a disruptive technology that is here to stay.
We are very excited the EQM Global Online Retail Growth Index will serve as the benchmark for a UCITS ETF in Europe. US investors have recognized the investment opportunity in online retail stocks and we expect to see similar demand from investors in Europe, Asia and many other countries using UCITS products.
HANetf offers a unique platform for business like ours and provides a one stop shop for issuance, capital markets, marketing and distribution. We look forward to listing the Global Online Retail UCITS ETF (LSE ticker :IBUY) on the London Stock Exchange using the HANetf platform.”
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