Alternative Investments/ESG: The Solar Energy UCITS ETF Focuses On The Global Solar Industry
This would be Europe’s first ETF for exposure to solar – the fastest-growing source of new energy capacity.
The Solar Energy UCITS ETF (LON: TANN) will be launched on the HANetf platform and list on the LSE in June. Solar is now the cheapest source of energy in many large economies and is, therefore, the fastest-growing source of new energy capacity. Investments in capacity could aggregate $4.2 trillion by 2050. This ETF will provide “pure-play” exposure to this huge opportunity. (ETF Express)
Solar Energy UCITS ETF (LON: TANN)
The new ETF will track the EQM Global Solar Energy Index (SOLARNTR) which is focused on companies that derive a major component of their revenue from solar energy-related business operations including manufacturing of photovoltaic, solar cells, and systems; producers of solar power generation, equipment, and components; providers of solar power system installation, development, and financing; and/or manufacturing of solar-powered charging and energy storage systems.
Backtesting revealed the Index generated 211.32% returns over the past year.
“It has been classed as an article 8 investment under the Sustainable Finance Disclosure Regulation which demonstrates its environmental characteristics,” confirmed Jane Edmondson, Principal of EQM Indexes.
The ETF features a Total Expense Ratio of 0.69%.
HANetf expands its ETF range
“The Solar Energy UCITS ETF ‘TANN’ provides a more focused opportunity than simply looking at clean energy and is the first pure-play exposure to the global solar energy industry and its growth prospects distinct from the wider clean energy investment universe which takes in more companies and different technologies,” said Hector McNeil, co-Founder and co-CEO at HANetf. “It not only expands our offering in the thematic space but adds significantly to our expanding range of clean & renewable energy and ESG ETFs.”
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