• ETF Insights

    Stock Splits of Two VanEck Global ETFs

    Martijn Rozemuller, CEO – Europe

    On 8 October 2021, The VanEck Vectors Global Equal Weight UCITS ETF and the VanEck Vectors 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 Vectors Global Equal Weight UCITS ETF is halved, but you will own twice as many. The Net Asset Value per VanEck Vectors 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.

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