Share page with AddThis

News

Global X launches ETFs targeting wind energy and hydrogen

Wind TurbinesGlobal X ETFs has launched two sustainable-themed Ucits ETFs focusing on wind energy and hydrogen.

The Global X Wind Energy Ucits ETF and Global X Hydrogen Ucits ETF will invest in companies that will benefit from the relative industries.

The former will track the Solactive Wind Energy v2 index, while the latter will track the Solactive Global Hydrogen v2 index. Both funds have an expense ratio of 0.5%.

According to Global X, the Wind Energy Ucits ETF will offer investors exposure to companies involved in wind energy systems, the production of wind power, wind energy technology, and the maintenance of wind power.

Meanwhile, the Hydrogen Ucits ETF offers access to those companies involved in the production, integration, development and manufacturing of hydrogen and hydrogen fuel cells.

“The transition to a clean energy future will require tens of trillions of dollars of investment in the coming decade. Renewable and clean energy sources like wind energy are continuing to gain share on fossil fuel-based sources as related technologies become more affordable, and hydrogen will likely play a key role in decarbonising hard-to-electrify sectors like transportation, buildings, and industry,” said Morgane Delledonne, the firm’s director of research, Europe.

Both are listed on the London Stock Exchange and Deutsche Borse Xetra.

© 2022 funds europe