Alternative Investments/ESG: Thematic ETF From Global X Targets Disruptive Materials
Launched in Europe, the ETF will look for opportunities in emerging, new-age technologies including alternative energy sources, electric vehicles, and new age communications.
Global X ETFs has launched the Global X Disruptive Materials UCITS ETF, which will invest in companies with operations linked to any of the following ten disruptive materials categories: Carbon fiber, cobalt, copper, graphene & graphite, lithium, manganese, nickel, platinum & palladium, rare earth elements, and zinc. (ETF Strategy)
The ETF will trade on London Stock Exchange in US dollars (DMAT LN) and pound sterling (DMAG LN) as well as on Deutsche Börse Xetra (D6AT GY) and Borsa Italiana (DMAT IM) in euros.
Global X Disruptive Materials UCITS ETF
Complex disruptive technologies nevertheless need metals and minerals as inputs, hence the ETF title “disruptive materials,” and according to Global X , these materials are going be just as critical for the global economy as fossil fuels were in the 20th century.
From alternative energy sources such as solar panels and wind turbines to evolving technology like lithium batteries and electric vehicles, disruption is rapidly changing how the world looks, according to Global X.
The ETF tracks the Solactive Disruptive Materials V2 Index, which includes stocks from both emerging and developed markets that have market capitalizations above $100 million and average daily trading volumes greater than $1m.
The ETF has an expense ratio of 0.59%.
Morgane Delledonne, Head of Investment Strategy, Europe, commented: “From the rise of autonomous vehicles to growth in new technologies driving a global shift toward renewable energy, major economic advancements are poised to support decades of strong demand for a range of disruptive materials. DMAT leverages Global X’s expertise in thematic investing to provide investors efficient access to the critical upstream companies involved in mining and producing the materials that are foundational to many 21st century technologies.”
Related Story: Global X Launches Metaverse Themed ETF
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