New L&G ETF on Xetra: hydrogen companies worldwide
New L&G ETF on Xetra: hydrogen companies worldwide
A new exchange traded fund issued by Legal & General Investment Management has been tradable on Xetra and Börse Frankfurt since Wednesday.
The L&G Hydrogen Economy UCITS ETF - Acc enables investors to invest in companies in the hydrogen industry worldwide. The use of hydrogen technology enables reduction of fossil fuels in the long term and thus provide an opportunity for clean and sustainable energy. Companies along the entire value chain, from hydrogen production to hydrogen use, are considered. This includes producers and subcontractors, suppliers and distribution networks, storage units and end users, such as manufacturers of fuel cells and providers of mobility solutions based on hydrogen propulsion.
Excluded are companies with significant business activities in the areas of thermal coal or weapons, as well as those that are not in line with the principles of the UN Global Compact.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
L&G Hydrogen Economy UCITS ETF - Acc | Equity ETF | IE00BMYDM794 | 0.49 per cent | Accumulating | Solactive Hydrogen Economy Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,629 ETFs. With this selection and an average monthly trading volume of around €16.5 billion, Xetra is the leading trading venue for ETFs in Europe.