Alternative Investments/ESG: Invesco Launches ETFs For Exposure To Wind Energy And Hydrogen

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The ETFs address the two most important solutions for targeting a net zero economy.

Invesco has launched the Invesco Wind Energy UCITS ETF and Invesco Hydrogen Economy UCITS ETF in advancement of the thesis that the sharp rise in fossil-sourced energy costs adds to the rationale for renewable energy, even beyond environmental concerns. (ETF Express)

Furthermore, the pivot towards fossil energy, such as coal, in recent months will likely trigger the need for higher investment in clean energy technologies, creating opportunity for investors.

The new ETFs trade on the London Stock Exchange, Deutsche Boerse, Borsa Italiana and Six Swiss Exchange. Both are classified as Article 9 under the Sustainable Finance Disclosure Regulation (SFDR).

Invesco Wind Energy UCITS ETF (WENDE)

WNDE will invest in global companies focusing on improving wind turbines, providing materials for use in wind energy, modernising the grid and includes companies involved in offshore and onshore wind energy.

The ETF tracks the WilderHill Wind Energy index and has a total expense ratio of 0.60%. The Index is equally weighted across 50 constituents.

Dr Rob Wilder, CEO and Co-founder of WilderHill Indexes, says: “Technological improvements and greater economies of scale have made clean energy much more competitive especially in terms of utility-scale production. For example, it’s now cheaper to produce a gigawatt hour of electricity from an offshore wind farm than from new power plants run on the cheapest fossil fuels. The priority going forward will be to increase the capacity for onshore and offshore wind as part of the overall global energy mix but also to improve the efficiency and durability of the wind turbine components.”

Invesco Hydrogen Economy UCITS ETF (HYDE)

HYDE offers exposure to companies involved in hydrogen activities including hydrogen generation, storage, conversion, transportation, innovation and the advancement of fuel cells.

The ETF replicates the WilderHill Hydrogen Economy index, and has an expense ratio of 0.60%.

Dr Wilder: “Hydrogen might be fairly new to many investors, perhaps unsurprising given it is at a much earlier stage of development compared to other clean energy technologies. But hydrogen power will be critical in decarbonisation especially for shipping and heavy industries where electrification is not really feasible.”

Related Story: Invesco Launches Metaverse Fund

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