Legal & General Investment Management (LGIM) has launched a new L&G Hydrogen Economy UCITS exchange traded fund (ETF) to provide investors with exposure to the long-term investment opportunity offered by the hydrogen economy.
The investment management firm yesterday (10th Feb) launched the fund that includes technologies and firms that are enabling the production of cheaper, clean forms of hydrogen and those that are expected to play an integral role in the hydrogen economy.
Sharing details of the fund, LGIM said it can be used alongside its existing L&G Clean Energy UCITS ETF and the L&G Battery Value-Chain UCITS ETF funds to allow investors to increase exposure to the clean hydrogen economy alongside other investments in clean energy generation and energy storage.
The strategy is listed on the London Stock Exchange, Deutsche Boerse, Borsa Italiana, Six Swiss Exchange and the NYSE Euronext, and is available to UK and European intermediary and retail investors.
“Access to clean hydrogen will be key to lowering emissions in harder to abate industries where electrification alone is not enough. The commitments being made to the hydrogen economy by governments and businesses around the world are creating long-term investment opportunities with short-term catalysts,” said Howie Li, Head of ETFs at LGIM.
“We believe this fund offers investors early access to this fast-evolving industry and allows investors the ability to control the amount of hydrogen exposure into their portfolio alongside our clean energy and battery ETFs.”
“As a package, the hydrogen ETF will complement these other two fund to provide investors with the ability to capture growth to be found in clean energy generation and energy storage.”