New Listing

WisdomTree launches battery and energy transition metal ETCs

WENT and WATT will have TERs of 0.45%

Theo Andrew

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WisdomTree has launched two commodity ETFs focusing on battery and energy transition metals, ETF Stream can reveal.

The WisdomTree Battery Metals ETC (WATT) and the WisdomTree Energy Transition Metal ETC (WENT) are listed on the London Stock Exchange (LSE), Borsa Italiana and Deutsche Boerse with total expense ratios (TER) of 0.45%.

AMPS will track the WisdomTree Battery Metals Commodity TR index, offering exposure to the key metals involved in the energy transition including electric vehicles, transmission, charging, energy storage, solar, wind and hydrogen power production.

The index is currently exposed to copper, nickel, aluminium, silver, zinc tin, platinum and gold. 

NRGT will follow the WisdomTree Energy Transition Metals Commodity TR index comprised of nickel, aluminum, copper and zinc. 

The group developed the indices in partnership with Wood Mackenzie, an energy transition and consulting firm, designed to capture the growth of energy transition technologies.

The ETCs will be reconstituted on an annual basis with a quarterly review process to include additional metals including cobalt and lithium. 

Nitesh Shah, head of commodities and macroeconomic research Europe at WisdomTree said: “Policy is starting to catch up to the concerns around the need to decarbonise at a faster pace to align with the Paris Agreement in seeking to keep global warming to well below 2°C, compared to pre-industrial levels.

“While it is clear that certain commodities are needed to progress the energy transition, it is less clear whether sufficient production of those commodities will take place. Increased demand and supply constraints could propel many commodities for years to come.”

The issuer last expanded its commodities range in December with the launch of the WisdomTree Broad Commodities UCITS ETF (PCOM), tracking the Bloomberg Commodity Total Return index.

In March, WisdomTree expanded its crypto range with cardano, polkadot and solana exchange-traded products, as well as four short and leveraged ETPs tracking the travel and leisure, oil and gas and automobile sectors.

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