WisdomTree has launched a recycling decarbonisation exchange-traded fund.
WisdomTree Recycling Decarbonisation UCITS ETF (WRCY) will track the Tortoise Recycling Decarbonization UCITS Index and has listed today (April 28) on the London Stock Exchange, Börse Xetra in Frankfurt and the Borsa Italiana.
The ETF will track the price and yield performance of the index, which tracks the performance of global companies involved in recycling technologies including the transformation of waste to energy.
The ETF has a total expense ratio of 0.45 per cent and is classed as an Article 9 under the EU’s Sustainable Finance Disclosure Regulation (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.”
Alexis Marinof, head of Europe at WisdomTree, added: “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.”
Last week (April 22), WisdomTree launched a pair of thematic metal ETFs - the WisdomTree Energy Transition Metal ETC and WisdomTree Battery Metals ETC.
The former, offered in sterling, US dollars and euros, will track the WisdomTree Energy Transition Metals Commodity Index and the latter, also offered across the three currencies, is pinned to the performance of the WisdomTree Battery Metals Commodity Index.