VanEck lists hydrogen ETF on LSE
Asset manager VanEck has listed the VanEck Vectors Hydrogen Economy UCITS ETF on London Stock Exchange.
The ETF invests globally in companies that generate their sales primarily in the hydrogen sector, such as hydrogen producers, fuel cell manufacturers or companies in the electrolysis sector.
The ETF is the most focused hydrogen ETF to date with the aim of providing investors with the most accurate representation of the sector possible.
“Together with our index team at MVIS, we have worked to develop the most targeted investment solution in the hydrogen space, differentiating it from the broader solutions that have come before,” says Martijn Rozemuller, Head of Europe at VanEck.
With climate change in mind, more and more governments around the world are committing to drastically reduce CO2 emissions or even create a carbon-free economy. Hydrogen as a clean energy source is considered an important part of the solution and an energy source of the future.
“Investors are increasingly looking for investment opportunities in sustainable technologies and solutions for the future,” says Dominik Schmaus, Product Manager at VanEck. “With our VanEck Vectors™ Hydrogen Economy UCITS ETF, we offer them the opportunity to invest broadly in the future technology of hydrogen to participate in the long-term CO2 reduction in many sectors of the economy.”
With a so-called pure-play approach, the ETF focuses on companies that mainly generate at least 50 percent of their sales in the hydrogen industry or that will do so in the foreseeable future. “So, investors can be sure that their investment will mainly go to companies that focus on the future technology of hydrogen,” says Dominik Schmaus, Product Manager at VanEck.
The VanEck Vectors™ Hydrogen Economy UCITS ETF tracks the MVIS Global Hydrogen Economy Index, which is designed to represent the overall performance of the global hydrogen segment. The index seeks to track the most liquid companies in the industry based on market cap and trading volume. To some extent, fuel cell and industrial gas companies are also considered.