Global X ETFs adds infrastructure and cleantech funds to Thematic Growth suite
Global X ETFs, a New York-based provider of exchange-traded funds (ETFs), has launched the Global X Data Center REITs & Digital Infrastructure ETF (VPN) and the Global X CleanTech ETF (CTEC).
Both funds will join the firm’s USD7 billion Thematic Growth family, which consists of 23 thematic ETFs.
The emergence of a multitude of digital technologies is set to be a key driver of growth in the 2020s. Connectivity across billions of Internet of Things devices, alongside increased utilisation of cloud storage, ultrafast 5G mobile networks, and sophisticated artificial intelligence algorithms, is expected to drive robust demand for digital infrastructure, like data centers and cellular towers. At the same time, the strengthening global imperative to tackle climate change is driving further innovation among technologies that can potentially mitigate this impending risk.
“Across our suite of thematic ETFs, we’ve sought to provide investors targeted access to impactful and disruptive trends,” says Alex Ashby, head of product development at Global X ETFs. “With these new ETFs, investors have a unique opportunity to capture the global shift to clean technologies, and the building of the digital infrastructure that will serve as the backbone for continued digital innovation. We’re thrilled to utilise our expertise in thematic investing to expand our offering to these critical areas.”