BetaShares has announced a strategic alliance with WisdomTree Investments, Inc. (NASDAQ: WETF), a leading exchange-traded product (“ETP”) sponsor and asset manager. Under the terms of the agreement, BetaShares has been granted exclusive rights to market the full range of WisdomTree US listed ETFs in Australia and New Zealand to institutional investors.
In addition, BetaShares and WisdomTree will explore the development of products on the Australian Securities Exchange (“ASX”) with the aim of providing investors in Australia and New Zealand access to some of the innovative investment strategies pioneered by WisdomTree.
Alex Vynokur, Managing Director of BetaShares said: “Our collaboration with WisdomTree is an important milestone, opening up a large range of innovative investment solutions for investors in Australia and New Zealand.”
WisdomTree is the fifth largest ETF provider in the US, with funds under management of approximately US$35B and over 65 ETFs listed in the US covering a broad range of asset classes and exposures. WisdomTree is a leader in active ETFs and fundamentally weighted ETFs through products including the US-listed Emerging Markets Local Debt Fund, Japan Hedged Equity Fund and the Global Equity Income Fund.
Commenting on the relationship, Jonathan Steinberg, CEO and President of WisdomTree said: “As ETF adoption increases in Australia and New Zealand, we look forward to working with BetaShares to serve this growing ETF market with new investment solutions.”
