HANetf UCITS ETF platform surpasses $1bn assets under management

13 February 2024

  • The assets under management of HANetf’s UCITS ETF ICAV has surpassed $1 billion for the first time.
  • HANetf’s now has $3 billion in total assets under management including its highly successful gold, carbon credit and digital assets ETC offerings.

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February 2024, London

HANetf, Europe’s first and only independent white-label UCITS ETF and ETC platform[2], and leading provider of digital asset ETPs, is delighted to announce that the assets under management (AUM) of its ETF ICAV has surpassed $1 billion for the first time.

In 2023, HANetf saw significant AUM growth among its UCITS ETF range. Sprott Uranium Miners UCITS ETF (ticker: URNM) has now surpassed $300 million AUM. In three months of 2023 alone, the ETF added $130 million AUM, making it the largest and fastest-growing uranium UCITS ETF by AUM.

Meanwhile, AuAg ESG Gold Mining UCITS ETF (ticker: ESGO) registered increased interest from institutional investors, growing from $6.2 million AUM at the beginning of 2023, to $90 million by December – a growth of 1352% over the year. ESGO is Europe’s only ESG gold mining ETF and is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR). We believe the increased investor interest is reflective of demand for sustainable gold exposure.

The year just gone also saw 5 new ETF launches. Among these was European Green Deal UCITS ETF (ticker: EUGD), providing exposure to companies set to benefit from the landmark European Green Deal. Launched in association with Societe Generale, EUGD marked the bank’s return to the ETF space following the acquisition of Lyxor back in 2021. Within only two months of its launch, it accumulated $50 million AUM.

HANetf also launched Future of Defence UCITS ETF (ticker: NATO), providing exposure to NATO and NATO+ ally defence and cyber defence spending. Since its launch in July, it has accrued just under $30 million AUM.

Beyond EUGD and NATO, HANetf also launched Sprott Energy Transition Materials UCITS ETF (SETM), INQQ India & Internet Ecommerce ESG-S UCITS ETF (INQQ), and Sprott Copper Miners ESG Screened UCITS ETF (CPPR).

SETM and CPPR are the second and third products launched with Sprott Asset Management, following the launch of URNM in 2021. SETM provides exposure to critical materials required for the energy transition, and CPPR is Europe’s first Article 8 ESG copper miners ETF.

INQQ is Europe’s first ETF to provide ESG exposure to India internet and ecommerce companies and is also classified as SFDR Article 8.

While HANetf had a strong year for ETFs, it also saw significant milestones for its ETCs. ETC Group Physical Bitcoin (ticker: BTCE) surpassed $1 billion AUM and took a 37.11% market share of physical Bitcoin ETPs in Europe. While much of 2023 was dominated by speculation around spot Bitcoin ETFs in the US, BTCE has provided spot exposure since its launch in 2020, when it was the first centrally-cleared Bitcoin product on Xetra. 100% physically backed by Bitcoin, it provides a safer and more liquid way to access the cryptoasset.

The Royal Mint Responsibly Sourced Physical Gold ETC (ticker: RMAU) also hit a major milestone, surpassing $900 million AUM for the first time in 2023. RMAU is the first product launched with The Royal Mint, and is 100% backed by London Bullion Market Association (LBMA) post-2019 good delivery gold bars – the highest available standard.

A portion of the bars in its custody are also 100% recycled gold, and the ETC is also shariah compliant. Last year, RMAU carried out its first ever physical redemption, supplying a 1 oz (ounce) gold bar to an investor.

HANetf’s total AUM now stands at $3 billion.

 

 Hector McNeil, Co-Founder and Co-CEO of HANetf comments:"We are delighted to see the AUM of our ICAV surpass $1 billion AUM. Our ETFs saw strong growth in 2023, and we also launched 5 new UCITS products. We are committed to launching new and exciting ETFs for investors, and it is great to see these ETFs gain such impressive institutional interest. 

“Our ETCs also saw significant growth, and our total AUM exceeded $3 billion last year. We are looking forward to the year ahead and continuing this momentum.

Since HANetf’s launch 5 years ago, we have had positive net new assets each year – which is astounding given the volatility we have seen in the markets over that time. The last two years alone has seen net new assets of approximately $50m per year. The easy bit is issuing ETFs, the hard bit is selling them. We are also very excited about 2024 and beyond as we expect to grow our existing range with our great client but also add some really exciting new products including active and defined outcome ETFs. Watch this space.

Also, any asset managers looking at entering the European ETF space please contact us. We can issue a new ETF in as little as 10 weeks!”

  

When you invest in ETFs your capital is at risk. 

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