Think ETFs Launches US Equal Weight ETF
Dutch provider expands its fund range with physically replicated equity fund
Dutch product provider Think ETFs has launched an exchange traded fund that tracks an equal weight index of US equities.
The Think Morningstar North America Equity UCITS ETF physically replicates an index of 100 of the largest and most liquid stocks listed in the U.S. and Canada. This new fund is the second regional equity fund from the provider after the launch of the European equity ETF last October.
It has annual fees of 0.20 percent, but Think ETFs will waive the management fee until the end of 2015.
Martijn Rozemuller, managing director at Think ETFs, said: “Morningstar is a global investment research provider whose mission is to help investors reach their financial goals. Morningstar has seen strong adoption of its indices in the United States, and I am particularly excited that our new North America ETF will be based on a Morningstar index.”
Think ETFs now offers 13 passive funds since it came to market in 2009, and over €1.7 billion assets under management, according to data from Deutsche Bank. All of its ETFs are physically replicated and do not engage in securities lending.