WisdomTree has migrated its 62-strong range of UCITS ETFs to the International Central Securities Depositary (ICSD) model ahead of the Brexit deadline.
From 29 March 2021, when the UK leaves the European Union, ETF issuers will no longer have the ability to use the CREST system as an issuing CSD which has been used as the standard operating model for almost all funds domiciled in Ireland.
Euroclear Bank and Clearstream Banking Luxembourg will act as the primary CSD’s for the settlement model going forward.
The key advantage of the transition is it will ensure trading of the ETFs can continue across multiple European exchanges when the extended period of equivalency currently agreed to by the UK and European Union ends as a result of Brexit.
Brexit spurs ETF migration to ‘more efficient’ ICSD model
Furthermore, the ICSD model enhances liquidity for investors in the ETFs with less fragmentation across multiple settlement systems.
WisdomTree has migrated a total of 62 ETFs to the ICSD model which includes several currency-hedges share classes per fund.
The UCITS range includes:
WisdomTree Artificial Intelligence UCITS ETF
WisdomTree AT1 CoCo Bond UCITS ETF
WisdomTree Battery Solutions UCITS ETF
WisdomTree CBOE S&P 500 PutWrite UCITS
WisdomTree Cloud Computing UCITS ETF
WisdomTree Emerging Asia Equity Income UCITS
WisdomTree Enhanced Commodity UCITS ETF
WisdomTree EUR Aggregate Bond Enhanced Yield UCITS ETF
WisdomTree EUR Government Bond Enhanced Yield UCITS ETF
WisdomTree Europe Equity Income UCITS ETF
WisdomTree Europe Equity UCITS ETF
WisdomTree Europe SmallCap Dividend UCITS ETF
WisdomTree Eurozone Quality Dividend Growth UCITS ETF
WisdomTree Germany Equity UCITS ETF
WisdomTree Global Quality Dividend Growth UCITS
WisdomTree India Quality UCITS ETF
WisdomTree ISEQ 20 UCITS ETF
WisdomTree Japan Equity UCITS ETF
WisdomTree Japan SmallCap Dividend UCITS ETF
WisdomTree UK Equity Income UCITS ETF
WisdomTree US Multifactor UCITS ETF
WisdomTree US Quality Dividend Growth UCITS ETF
WisdomTree US SmallCap Dividend UCITS ETF
WisdomTree USD Floating Rate Treasury Bond UCITS ETF
Other ETF issuer have made the transition in recent months including HANetf, DWS and UBS Asset Management.
