Fund management firm WisdomTree has unveiled the Article 9 SFDR-compliant WisdomTree Renewable Energy UCITS ETF (WRNW). The fund becomes the tenth ETF in its US$1.25 billion thematic range. WRNW index tracks the performance of global companies involved in the renewable energy value chain that meet WisdomTree’s ESG criteria. To be included in the index, companies must be involved in activities including the supply “key commodities”, such as steel, copper, or aluminium, the generation of renewable power and development of new projects to add additional capacity, or creating new renewable energy technologies such as floating wind and solar, solid-state batteries, and hydrogen electrolysers. The fund uses energy transition research and consulting firm Wood Mackenzie’s market intelligence and becomes the fourth exchange-traded product the two companies have partnered on. Chris Gannatti, Global Head of Research at WisdomTree, said: “The transition towards cleaner and more sustainable energy sources is our best chance of tackling climate change. Renewable energy is at the heart of this endeavour, and we see several key drivers that could propel the growth in renewable energy usage.”
We are delighted to announce the launch of the WisdomTree Renewable Energy UCITS ETF (WRNW), listed today on Borsa Italiana, Börse Xetra and tomorrow on the London Stock Exchange. To learn more about our strategy, please visit our dedicated page. 👉 https://t.co/A3y5Faymlt pic.twitter.com/ePz70yBFUs
— WisdomTree in Europe (@WisdomTreeEU) June 12, 2023
