Aberdeen Standard Secures a $2.8B ETF Biz
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Tuesday, May 1, 2018

Aberdeen Standard Secures a $2.8B ETF Biz

A European multinational asset manager just expanded its presence on this side of the pond by buying a commodities-focused ETF shop.

On Friday Chris Demetriou, chief executive-Americas at Aberdeen Standard Investments [profile], confirmed that the Scottish firm has acquired the $2.8-billion-AUM U.S. business of New York City-based ETF Securities [profile]. Pricing and terms of the deal were not disclosed.

CityWire, FA, and P&I all reported on the deal.

The deal brings Aberdeen Standard eight ETF Securities ETFs: the ETFS Bloomberg All Commodity Strategy K-1 Free ETF (BCI), the ETFS Bloomberg All Commodity Longer Dated Strategy K-1 Free EETF (BCD), the ETFS Bloomberg Energy Commodity Longer Dated Strategy K-1 Free ETF (BEF), ETFS Physical Swiss Gold Shares (SGOL), ETFS Physical Platinum Shares (PPLT), ETFS Physical Silver Shares (SIVR), ETFS Physical Precious Metals Basket Shares (GLTR), and ETFS Physical Palladium Shares (PALL). And the deal comes two weeks after New York City-based WisdomTree [profile] bought ETF Securities' $17.6-billion-AUM European ETF business.

Demetriou notes that Aberdeen Standard "has been offering passive, quant and Smart Beta Solutions to clients for some years now." The ETF Securities deal, then, brings Aberdeen Standard into the ETF business in the U.S.

Aberdeen Standard has $684.6 billion in AUM and is the asset management arm of publicly traded Standard Life Aberdeen. Its U.S. arm is based in Philadelphia.

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