Global X launches wind energy and hyrdrogen ETFs

Growing market

New York-headquartered Global X ETFs has launched two funds seeking to tap into the wind energy and hydrogen industries, as demand for renewable energy production and clean technologies continues to rise.

The Global X Wind Energy UCITS ETF and the Global X Hydrogen UCITS ETF are the latest additions to the firm's European offerings, and have been listed on the London Stock Exchange and Deutsche Börse Xetra. They both have ongoing charges of 0.5%. The US ETF specialist noted how renewable energy has "climbed" as a portion of total global energy production over the last ten years, but it still has a long way to go. Morgane Delledonne, director of research, Europe, said: "The transition to a clean energy future will require tens of trillions of dollars of investment in the coming decade. ...