Financial News

ETF Securities Rumored To Be Planning IPO

By: ETFdb
ETF Securities, the giant of the European ETF market that has amassed more than $4 billion in a suite of seven U.S.-listed products, is taking steps towards an initial public offering according to the Wall Street Journal. The ETF issuer has reportedly retained Citigroup and Bank of America Merrill Lynch to discuss its strategic options, which may include an initial public offering depending on market conditions. No comment was available from either bank or from ETF Securities. There has been no shortage of acquisition activity in the ETF space over the last several years, highlighting the appeal of the rapidly-growing industry. Guggenheim acquired both Rydex and Claymore, while BlackRock snapped up market leader iShares in a $13.5 billion deal. More recently Russell acquired Reno-based U.S. One, the issuer behind the One Fund (ONEF), and Ameriprise has launched a bid for the assets of Grail Advisors, a pioneer in the actively-managed [...] Click here to read the original article on ETFdb.com. Related Posts: Commodity ETFs Get No Love From Investors ETF Securities Planning Precious Metal Basket ETF Playing Precious Metals Through Equity ETFs How Emerging Market ETFs Offer A New Way To Invest In Commodities PPLT, PALL Come Flying Out Of The Gate
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