Alternative Investments/ESG: Global X Launches Four China ETFS, Including Clean Energy And EVs, In Europe

All four ETFs have total expense ratios of 0.68%.

Global X has launched in Europe four new thematic, China-focused ETFs that address the clean energy, electric vehicles and batteries, cloud computing , and biotech megatrends. The new ETFs follow Global X’s recent thematic launches focusing on solar, agtech and food innovation, hydrogen and wind energy. The firm also introduced bitcoin and ether ETPs earlier this month. (ETFStream)

Global X: New UCITS ETFs in Europe

Global X launched the Global X China Clean Energy UCITS ETF (CCLN), the Global X China Electric Vehicle and Battery UCITS ETF (CAUT), the Global X China Cloud Computing UCITS ETF (CCLD) and the Global X China Biotech UCITS ETF (CBIO).

These new ETFs are listed on SIX Swiss Exchange and Deutsche Boerse with total expense ratios (TERs) of 0.68%.

The clean energy ETF (CCLN) will invest in companies in the clean energy space including alternative power generation, electronic manufacturing equipment and utilities. It tracks the Solactive China Clean Energy v2 USD index that includes 20 companies across solar, wind, nuclear, and hydro energy.

The EV and battery ETF (CAUT) will track the Solactive China Electric Vehicle and Battery v2 USD index which includes companies active in the businesses of electric vehicles, components such as lithium batteries, equipment for battery production and battery materials such as lithium and cobalt.

The cloud computing ETF (CCLD) will benchmark the the Solactive China Cloud Computing v2 USD index which comprises 30 Chinese companies active in cloud computing tech such as internet software and cloud services.

Related Story: Robotics And AI Could Take Off In 2022, Says Global X

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