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

Photo by myenergi on Unsplash

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Digital Assets: Ledger, Maker Of Crypto Security Hardware, Raises Nearly All Of $100M Series C Round
March 31, 2023     Digital Assets, News, Venture Capital

Paris-based startup Ledger, which makes hardware wallets for cryptocurrency investors, has raised €100m ($109m) in funding, valuing the company at €1.3bn. The round was led by investors including Digital Finance…
FinTech: Cogo And Eliq Partner To Help Banking Customers Enhance The Energy Efficiency Of Their Homes
March 31, 2023     ESG and Sustainability, FinTech, News

Cogo, a fintech which collaborates with banks to assist customers in decreasing their carbon footprint as a carbon footprint management firm, is partnering with Eliq, a company that specializes in…
Venture Capital: The LSP Dementia Fund Closes €260M (US$283M) To Address Dementia, One Of The Most Significant Health Crises Of Our Era
March 31, 2023     Latest News, News, Venture Capital

The LSP Dementia Fund has reached a final close at €260 million (US$ 283 million), surpassing its initial target of €100 million. The fund, which is managed by EQT Life…
Artificial Intelligence: The DAGGER AI Model Gives Advance Warning Of Dangerous Solar Storms
March 31, 2023     Artificial Intelligence, News

Researchers have developed an AI-based model that combines satellite data and machine learning to predict where an impending solar storm will strike on Earth, offering 30 minutes of advance warning….