Alternative Investments/ESG: Sprott Files For An Energy Transition Materials ETF

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The new ETF from Sprott will focus on materials that would support the global energy transition to net-zero carbon emissions.

Sprott Funds filed Tuesday to launch the Sprott Energy Transition Materials ETF, an ETF that would invest in securities of companies engaged in activities relating to energy transition materials.

According to the filing, energy transition materials are metals and raw materials that are essential to the transition to a less carbon intensive economy. These materials are critical for the energy transition from fossil fuels to cleaner energy sources and technologies and include, but are not limited to uranium, copper, lithium, nickel, cobalt, graphite, manganese, rare earths, and silver. (Yahoo Finance)

Sprott Energy Transition Materials ETF

The ETF would track the NASDAQ Sprott Energy Transition Materials Index which is concentrated in the metals and mining industry.

The portfolio of the new ETF would be managed by Ryan Mischker, Vice President, Portfolio Management & Research, and Andrew Hicks, Vice President of Index Management of ALPS Advisors, Inc.

ALPS Advisors, Inc. is the sub-adviser to the Fund, while Sprott Asset Management LP is its investment advisor.

The ticker of the new ETF and its expense ratio have not been specified.

Earlier this month, Global X ETFs launched in Europe the Global X Disruptive Materials UCITS ETF, which invests in companies with operations linked to any of the following ten disruptive materials categories: Carbon fiber, cobalt, copper, graphene & graphite, lithium, manganese, nickel, platinum & palladium, rare earth elements, and zinc. This ETF has an expense ratio of 0.59%.

International Energy Agency’s special report titled ‘The Role of Critical Minerals In Clean Energy Transitions” states: “In a scenario that meets the Paris agreement goals, green energy technologies’ share of total demand rises significantly over the next two decades to over 40% for copper and rare earth elements, 60-70% for nickel and cobalt, and almost 90% for lithium.”

Related Story: Thematic ETF From Global X Targets Disruptive Materials

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