New York's VanEck exceeds $10bn in assets under management in Europe

New York-headquartered VanEck, a global asset manager has reached $10bn in assets under management for its range of ETFs in Europe for the first time in April 2024.

The strong inflows are not limited to just a few flagship products, and cover a total of 15 products with fund assets of more than $100m, it said in a statement on 14 May.

Martijn Rozemuller, CEO of VanEck EU said: “This significant achievement underscores VanEck’s commitment to deliver value to investors around Europe. In the last year and a half, we have seen particularly strong inflows from private investors and increasingly from institutional clients— both of which have helped VanEck reach this significant milestone. We’re excited to keep working hard on behalf of our investors in over 17 European markets.”

He added: "The VanEck Defense UCITS ETF reached the USD 100 million mark just seven months after its launch in the spring of 2023.

“Our rare earth industry ETF only needed five months to reach this milestone in 2022. These achievements show that VanEck’s products are often in tune with the times and meet investor demand.”

In 2012, VanEck launched its European business with a series of active funds, before launching its first three UCITS ETFs in 2015.

Ever since, the global asset manager has continuously expanded its range, seeking to take on a pioneering role as the first provider to launch focused ETFs on innovative themes such as Global Mining, Defense and Video Gaming and eSports.

“Our range in Europe has now grown to over 50 products,” said Rozemuller. “As such, we want to provide comprehensive and easy access to investment opportunities that can strengthen investment portfolios and provide exposure to new and innovative industries.”

VanEck's product range is by no means limited to thematic ETFs: In addition to focus themed funds, the range also includes strategic ETFs (such as the so-called ‘moat ETFs, equal weight ETFs or dividend ETFs), commodity ETFs (for example on gold mines, the global mining industry or rare earth minerals), fixed income ETFs and crypto ETNs (exchange-traded notes) that track the performance of leading cryptocurrencies such as Bitcoin or Ethereum.

Founded in 1955, it currently manages around $100bn worldwide, including exchange-traded funds (ETF), active funds and institutional accounts.

With over 100 ETFs around the world, the investment firm offers a comprehensive portfolio covering numerous sectors, asset classes and smart beta strategies.

VanEck was one of the first asset managers to offer investors access to global markets. It has consistently aimed at identifying new trends and asset classes, such as gold investments in 1968, emerging markets in 1993 and ETFs in 2006, an approach that is still shaping the entire investment sector today.

Beyond New York City, VanEck has offices in Frankfurt, Madrid, Zurich, Amsterdam, Sydney, and Shanghai.