The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Chinese Private Equity Buys Into the U.S. ETF Biz Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, May 23, 2013

Chinese Private Equity Buys Into the U.S. ETF Biz

News summary by MFWire's editors

Angels can come from anywhere.

RevenueShares, an ETF shop with six revenue-weighted products, has partnered with Suzhou Industrial Park Kaida Venture Capital — a Chinese private equity firm specializing in funding high-tech and financial companies across China — according to IndexUniverse.

The trade publication reports that the Chinese PE firm has paid $7 million for a 22 percent stake in VTL Associates, RevenueShares’ parent company.

The pub posits that there are two purposes behind the move: firstly, to bolster RevenueShares’ marketing and sales efforts—"something the company has done very little of in the past two years or so" according to the publication.

However, IndexUniverse notes, VTL’s willingness to give Suzhou a stake demonstrates RevenueShares' interest in bringing its products to China. The pub notes that the ETF market in this country "is barely in its infancy."

Read more about the move, including interviews with VTL’s Chairman Vince Lowry, in IndexUniverse

Edited by: Tommy Fernandez

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use