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ETF Securities launches three tech funds

Tech fund

The three funds – ETFS Battery Value-Chain GO UCITS ETF, ETFS Ecommerce Logistics GO UCITS ETF, and ETFS Pharma Breakthrough GO UCITS ETF – are the first ETFs in Europe to track their respective sectors, according to the firm.

ETF Securities’ UCITS platform CANVAS chief executive, Howie Li, said: “We expect the new range of ETFs to be attractive to investors that are looking for potential growth opportunities that capture the progress being made in these emerging industries”.

The battery fund’s index aims to track the performance of companies that are providers of certain electrochemical energy storage technologies and mining companies that produce metals used to manufacture batteries.

The ecommerce ETF aims to track the performance of logistics service providers and technology companies who are engaged in ecommerce.

The firm’s pharma ETF aims to track the performance of companies that are engaged in the research and development and/or manufacturing of orphan drugs. Orphan drugs are pharmaceutical products that have been developed specifically to treat rare diseases or disorders.

Jassmyn Goh

Jassmyn reported from Sydney to New York to Jakarta before joining Expert Investor. She was most recently Features Editor at Money Management and Super Review in Sydney.

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