WisdomTree Announces Recycling Decarbonisation ETF

Published on: 30 April 2022 07:01 PM
by KnowESG
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WisdomTree Recycling Decarbonisation UCITS ETF (WRCY), the world's first recycling decarbonisation UCITS ETF, was launched today on the London Stock Exchange. The fund provides exposure to global companies involved in waste-to-energy and recycling technologies as part of the global decarbonisation megatrend.

The WisdomTree Recycling Decarbonization UCITS ETF (WRCY) has launched on the London Stock Exchange, Börse Xetra in Frankfurt, and the Borsa Italiana. It will track the Tortoise Recycling Decarbonization UCITS Index.

The ETF will track the index's price and yield performance, which measures the performance of worldwide enterprises engaged in recycling technology, such as waste to energy conversion.

The ETF is classified as an Article 9 under the EU's Sustainable Finance Disclosure Regulation, with a total expense ratio of 0.45%. (SFDR).

Christopher Gannatti, global head of research at WisdomTree, said:

"Current methods of decarbonisation require further investment to make the desired impact but innovative solutions like waste-to-energy and carbon recycling represent new investable themes that can make a difference today."

To achieve the net-zero target, future decarbonising technologies such as energy storage (batteries), hydrogen, and carbon capture and sequestration (CCUS) are expected to be needed.”

WisdomTree released two themed metal ETFs: WisdomTree Energy Transition Metal ETC and WisdomTree Battery Metals ETC. The former, which is available in pounds, US dollars, and euros, will track the WisdomTree Energy Transition Metals Commodity Index, while the latter, which is also available in those three currencies, will monitor the WisdomTree Battery Metals Commodity Index's performance.

Alexis Marinof, head of Europe at WisdomTree, said:

WRCY is the world’s first ETF focused solely on recycling and decarbonisation, representing a big step forward for the industry as thematic ETFs continue to attract the interest of European investors looking for long-term growth opportunities."

“Investors want purity of exposure when investing in themes underpinning structural megatrends and that’s what we deliver in our suite of thematic ETFs.”

Source: FT Adviser