WisdomTree Investments and BetaShares have formed an alliance that makes BetaShares the exclusive marketing agent for WisdomTree's U.S.-listed exchange-traded funds in the Australia and New Zealand institutional markets.
In addition, WisdomTree and BetaShares will look into developing strategies on the Australian Securities Exchange in order to provide investors in Australia and New Zealand access to WisdomTree's investment strategies, said WisdomTree spokesman Stuart Bell. Mr. Bell was unable to provide additional details.
WisdomTree has had a similar relationship with The Compass Group for the institutional market throughout Latin America since 2010. WisdomTree also acquired a majority stake in U.K.-based exchange-traded products provider Boost ETP earlier this year to launch its business into Europe.
WisdomTree has about US$34.2 billion in assets under management globally. BetaShares is a provider of ETFs that are traded on the ASX.