WisdomTree takes majority stake in U.K. ETP group Boost; WisdomTree and Boost product ranges to serve European investors….
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Jonathan Steinberg WisdomTree CEO and President
WisdomTree Investments, Inc. , an exchange-traded fund sponsor and asset manager, announced today that it has completed the acquisition of Boost ETP, a UK-based exchange-traded product (“ETP”) provider, in a move that expands WisdomTree’s footprint to Europe. WisdomTree will commence the previously announced build-out of a local European platform to offer a select range of UCITS ETFs under the WisdomTree brand and continue to manage and grow the Boost lineup of short and leveraged fully collateralized ETPs under the Boost brand.
“We are excited to deepen and expand our offerings as the world’s eighth largest ETF sponsor and look forward to serving the European market,” said WisdomTree CEO and President Jonathan Steinberg.
Hector McNeil and Nik Bienkowski, founders of Boost and veterans of Europe’s ETF industry, will serve as Co-CEOs of WisdomTree Europe. Messrs. McNeil and Bienkowski added, “We look forward to continuing to grow the Boost ETP family under WisdomTree and we are pleased to lead the platform for WisdomTree’s European ETF plans.”