Alternative Investments/ESG: Deka Launches New UCITS ETF Focused On Future Energy Sources

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It will offer exposure to 60 companies across the globe that work towards transforming future energy.

The Deka Future Energy ESG UCITS ETF from issuer Deka has commenced trading on Xetra and Börse Frankfurt since July 14. The ETF invests in companies that contribute to promoting the transformation of the energy sector, including companies from the fields of solar and wind energy, geothermal energy, hydrogen propulsion and battery and energy storage technology. (ETF STREAM)

Deka Future Energy ESG UCITS ETF

The ETF tracks the Solactive Future Energy ESG Index which is made up of 60 large and medium-sized stock corporations from global industrialised countries and China.

These companies are evaluated on the basis of ESG criteria.

Companies that generate over a certain amount of revenues from coal, oil extraction, oil sands, deep water drilling and nuclear power generation would be excluded.

Also excluded are companies with a negative social profile such as those dealing in chemical weapons, military equipment, civilian firearms and tobacco production.

The ETF’s total expense ratio is 0.55%.

It is SFDR classified under Article 8.

Related Story: The Goldman Sachs Bloomberg Clean Energy Equity ETF Addresses $100T Opportunity

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