Alternative Investments/ESG: New WisdomTree ETF Addresses Decarbonization Innovation In Auto Sector
The new WisdomTree thematic equity ETF in Europe targets companies driving transformation within the automotive and mobility industry.
WisdomTree has launched the WisdomTree Global Automotive Innovators UCITS ETF to provide investors with exposure to the theme of innovation in transportation covering the twin objectives of evolving mobility needs and the decarbonization of a sector that accounts for around 12% of greenhouse gas emissions. (ETF Strategy)
WisdomTree Global Automotive Innovators UCITS ETF
The new ETF is listed on London Stock Exchange in US dollars (WCAR LN) and pound sterling (CARS LN) as well as on Deutsche Börse Xetra (WTGA GY) and Borsa Italiana (WCAR IM) in euros.
The fund tracks the proprietary WisdomTree Berylls LeanVal Global Automotive Innovators Index which was developed in partnership with Berylls Strategy Advisors and LeanVal Research.
The fund’s investments will target four megatrends shaping the automotive and mobility industry, namely, connectivity, autonomous driving, shared mobility, and electrification.
The expense ratio of the fund is 0.45%.
Alexis Marinof, Head of Europe, WisdomTree, said: “Partnering with industry experts Berylls and LeanVal has allowed us to develop an index that provides a holistic view of the existing automotive industry as well as the global future mobility industry. This launch reinforces our commitment to delivering differentiated and purer thematic exposures than can be found elsewhere in an ETF wrapper.”
Christopher Gannatti, Global Head of Research, WisdomTree, said: “The automotive and mobility industry is moving from a traditional ecosystem to an extended multimodal ecosystem leveraging new technologies and attempting to decarbonize transportation services. This will be a driving force for further investments which will ultimately transform the industry.”
Related Story: WisdomTree Offers Blockchain UCITS ETF
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