HANetf is continuing to consolidate its ETF range with the merger of its copper miners and energy transition materials ETFs.
In a shareholder notice, the white-label issuer announced plans to merge the Sprott Energy Transition Materials UCITS ETF (SETM) into the Sprott Copper Miners ESG-Screened UCITS ETF (CPPR) – a process completed last Thursday.
The proposal noted that SETM had “failed to gather sufficient assets” and an improvement was “not expected in the short to medium term”, making the product no longer “viable”.
Following the merger, three Sprott ETFs remain on the HANetf platform: the Sprott Global Uranium Miners UCITS ETF (U308), the Sprott Junior Uranium Miners UCITS ETF (U8NJ) and CPPR.
The trio house around $307m in assets under management (AUM), according to TrackInsight data, little over $9m of which belongs to CPPR.
HANetf has merged a total of 11 products so far in 2024 as it continues to reshuffle parts of its range experiencing low demand.
In February, it merged two clean energy ETFs into the iClima Global Decarbonation Enablers UCITS ETF, while the Future of Defence UCITS ETF (NATO) absorbed a smaller defence product.
In April, it consolidated its global airline fund into the Travel UCITS ETF (TRYP) and in March its blockchain equity product was merged into the ETC Group Global Metaverse UCITS ETF (METR).
