Global X has expanded its thematic range with the launch of a hydrogen ETF and Europe’s first pure-play wind energy ETF, ETF Stream can reveal.

The Global X Hydrogen UCITS ETF (HYGN) and the Global X Wind Energy UCITS ETF (WNDY) are listed on the London Stock Exchange and Deutsche Boerse with total expense ratios (TERs) of 0.50%.

HYGN tracks the Solactive Global Hydrogen v2 index which is currently a basket of 20 holdings involved in the global hydrogen industry.

This includes companies in hydrogen production, the integration of hydrogen into energy systems and the development of hydrogen fuel cells, electrolysers and other technologies related to the use of hydrogen as an energy source.

WNDY tracks the Solactive Wind Energy v2 index which currently offers exposure to 27 companies set to benefit from the advancement of the global wind energy industry.

This includes businesses involved in wind energy technology production, the integration of wind into energy systems and the construction of turbines that harness energy from wind and convert it into electrical power.

According to Research and Markets, the wind energy industry is forecasted to reach $127bn by 2027, double the market size in 2019.

Global X has existing equivalent ETFs in the US, the Global X Hydrogen ETF (HYDR) and the Global X Wind Energy ETF (WNDY), which launched last July and September, respectively.

Commenting on the launches, Morgane Delledonne (pictured), director of research, Europe, at Global X, said: “The transition to a clean energy future will require tens of trillions of dollars of investment in the coming decade.

“Renewable and clean energy sources like wind energy are continuing to gain share on fossil fuel-based sources as related technologies become more affordable, and hydrogen will likely play a key role in decarbonising hard-to-electrify sectors like transportation, buildings, and industry.”

In January, the firm unveiled a blockchain ETF, the Global X Blockchain UCITS ETF (BKCH), which offers exposure to 25 companies involved in the space.

The thematic ETF specialist has expanded its range significantly over the past few months with its range in Europe now totalling 20 ETFs.

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