HANetf consolidates thematic ETFs over failure to gather assets

27 February

clock • 2 min read

HANetf has proposed to merge three of its thematic ETFs into two existing funds due to insufficient assets.

In a statement published on 24 January, the firm set out terms to merge the $7.1m Solar Energy UCITS ETF (TANN) and the $3.4m HANetf S&P Global Clean Energy UCITS ETF (ZERO) into the $24.6m iClima Global Decarbonisation Enablers UCITS ETF (CLMA). The firm noted that since the funds' inception in June 2021, both have failed to gather assets. HANetf launches 'pure play' Article 8 copper mining ETF In June 2023, HANetf reduced the total expense ratio of both funds in what was described as "an effort to incentivise investors". However, the funds did not gather "sufficient" additional a...

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