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Stock Splits of Two VanEck Global ETFs

03 September 2021

 

On 8 October 2021, The VanEck Global Equal Weight UCITS ETF and the VanEck Sustainable World Equal Weight UCITS ETF are joining forces. Through this merger, you will get the best of both worlds; the low cost (0.20%) of one and the sustainability selection of the other.

Why this merger?

We are working to make our ETF offering more and more sustainable. Until now, ongoing charges have been different (in principle 0.30% versus 0.20%), now the combination of the two leads to economies of scale and can therefore pass this on to our customers and thus offer a sustainable ETF for 0.2%.

How does it work?

First of all – after the amendment of the “Articles of Association” has been approved at the General Meeting of Shareholders – a share split of both ETFs will take place after the close of trading on 8 September. Among other things, this brings the Net Asset Values (NAVs) of both ETFs closer together. The Net Asset Value per VanEck Global Equal Weight UCITS ETF is halved, but you will own twice as many. The Net Asset Value per VanEck Sustainable World Equal Weight UCITS ETF is divided by four, but you will own four times as many. Bottom line, therefore, nothing changes for you.

It is important to report that the final exit option for participants is on 1 October. The merger will be completed on 8 October. The exchange ratio between the two ETFs will be determined on the basis of the Net Asset Values.

For further details, please refer to the information document on the forthcoming merger available on our website. The full legal document can be found here.

Important Disclosure

This is a marketing communication. Please refer to the prospectus of the UCITS and to the KID before making any final investment decisions.

This information originates from VanEck (Europe) GmbH, which has been appointed as distributor of VanEck products in Europe by the Management Company VanEck Asset Management B.V., incorporated under Dutch law and registered with the Dutch Authority for the Financial Markets (AFM). VanEck (Europe) GmbH with registered address at Kreuznacher Str. 30, 60486 Frankfurt, Germany, is a financial services provider regulated by the Federal Financial Supervisory Authority in Germany (BaFin).

The information is intended only to provide general and preliminary information to investors and shall not be construed as investment, legal or tax advice VanEck (Europe) GmbH, VanEck Switzerland AG, VanEck Securities UK Limited and their associated and affiliated companies (together “VanEck”) assume no liability with regards to any investment, divestment or retention decision taken by the investor on the basis of this information. The views and opinions expressed are those of the author(s) but not necessarily those of VanEck. Opinions are current as of the publication date and are subject to change with market conditions. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results. Information provided by third party sources is believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. Brokerage or transaction fees may apply.

All performance information is based on historical data and does not predict future returns. Investing is subject to risk, including the possible loss of principal.

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