Global X has launched a thematic ETF that offers exposure to companies involved in the production of raw materials essential to disruptive megatrends.
The Global X Disruptive Materials UCITS ETF (DMAT) is set to list on the London Stock Exchange, Deutsche Boerse and Borsa Italiana on 9 September with a total expense ratio (TER) of 0.50%.
DMAT will track the Solactive Disruptive Materials v2 index which is a basket of companies driving many rapidly developing megatrends.
Behind many disruptive megatrends such as solar panels, wind turbines, lithium batteries and electric vehicles are raw materials including copper, cobalt, lithium, platinum, zinc and nickel.
The firm said the production of these disruptive materials could be essential inputs for the future economy.
Commenting on the launch, Morgane Delledonne (pictured), head of investment strategy, Europe, at Global X, said: “From the rise of autonomous vehicles to growth in new technologies driving a global shift toward renewable energy, major economic advancements are poised to support decades of strong demand for a range of disruptive materials.
“DMAT provide investors access to the critical upstream companies involved in mining and producing the materials that are foundational to many 21st century technologies.”
DMAT takes Global X’s range in Europe to over 30 ETFs. In May, the firm unveiled Europe’s first pure-play silver miners ETF, the Global X Silver Miners UCITS ETF (SILV), ETF Stream revealed.