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WisdomTree Takes the Fight For ETF Supremacy To Europe

TedTed
in The Bullpen
FYI: The next front in the battle to dominate exchange-traded funds is just across the Atlantic.

WisdomTree Investments Inc. agreed to buy ETF Securities’ $17.6 billion funds business in Europe, the company said in a statement Monday. The deal would make New York-based WisdomTree, already the seventh-largest ETF issuer in the U.S., the ninth-largest provider of exchange-traded products in the world. The $611 million cash-and-stock acquisition should close next quarter, according to the statement.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-11-13/war-for-etf-mastery-widens-with-wisdomtree-acquisition-in-europe
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