Alternative Investments/ESG: A Hydrogen-Themed ETF Lists On The ASX
The ETF started trading on the ASX from today (Thursday, October 7).
ETF Securities, the Australian fund manager that brought the first physically-backed gold ETF to the world in 2003, has launched a thematic equity ETF to target the world’s leading hydrogen companies. The ETFS Hydrogen ETF (ASX: HGEN) tracks the Solactive Global Hydrogen ESG Index. (ETF Strategy)
In a future focused on sustainability, hydrogen is at the forefront of policy-making and currently has over 200 projects exceeding US$300 billion planned in the private sector. The demand for green energy will only increase as the world approached the 2050 timeline, with many countries aiming for even earlier implementation.
Evan Metcalf, Head of Product at ETF Securities, said: “Our investors are increasingly asking us for more options to invest in clean energy technologies. The hydrogen economy has vast potential to provide energy solutions across industries and address the challenges of transitioning to a future powered by clean energy.”
ETFS Hydrogen ETF (ASX: HGEN)
The Solactive Global Hydrogen ESG Index comprises 30 companies involved in the production of hydrogen components, manufacturing, and development of hydrogen-based infrastructures. Companies that are engaged in the storage, generation, and distribution of hydrogen are also eligible for inclusion.
“Our society’s concern over climate change continues to grow with more people across the world willing to make sacrifices to address it. With net-zero emission goals becoming more common among advanced economies, the desire for hydrogen-powered technologies has never been stronger. Together with our long-term partners at ETF Securities, we are excited to be able to provide investors with the opportunity to invest in strong growth as well as to indirectly combat climate change,” commented Timo Pfeiffer, Chief Markets Officer at Solactive.
Related Story: New Hydrogen ETF From Direxion
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