Hydrogen ETF
VanEck Hydrogen Economy UCITS ETF
Hydrogen ETF
VanEck Hydrogen Economy UCITS ETF
Fund Description
Contribute to a zero-carbon future by investing in the VanEck Hydrogen Economy UCITS ETF. As the use and development of hydrogen accelerates, its emerging ecosystem looks set for growth, with a similar investment profile to early-stage technology sectors.
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NAV$6.66
as of 07 May 2024 -
YTD RETURNS-15.96%
as of 07 May 2024 -
Total Net Assets$74.2 million
as of 07 May 2024 -
Total Expense Ratio0.55%
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Inception Date26 Mar 2021
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SFDR ClassificationArticle 9
Overview
Fund Description
Contribute to a zero-carbon future by investing in the VanEck Hydrogen Economy UCITS ETF. As the use and development of hydrogen accelerates, its emerging ecosystem looks set for growth, with a similar investment profile to early-stage technology sectors.
- Hydrogen is increasingly viewed as a key replacement for fossil fuels in a zero-carbon future
- Large-scale support from governments across the world
- Dynamic ETF, delivering access to hydrogen innovation leaders globally, reviewed every quarter
- Tracks highly liquid hydrogen companies, based on market capitalization and trading volume
- Stocks must derive at least 50% of revenues from the hydrogen economy (exceptions possible)
- Excludes companies that severely violate UN Global Compact Principles or derive any revenue from Controversial Weapons according to ISS data.
- Excludes companies that derive more than 5% of their revenue from sectors including, but not limited to Thermal Coal, Fossil Fuels, Oil Sands, Nuclear Power, Civilian Firearms, Military Equipment and Tobacco.
Risk Factors: Equity Market Risk, Liquidity Risks, Limited Diversification Risk, Risk of Investing in Smaller Companies, Risk of Investing in the Energy Sector, Foreign Currency Risk
Underlying Index
MVIS Global Hydrogen Economy ESG Index (MVHTWOTR)
Fund Highlights
- Hydrogen is increasingly viewed as a key replacement for fossil fuels in a zero-carbon future
- Large-scale support from governments across the world
- Dynamic ETF, delivering access to hydrogen innovation leaders globally, reviewed every quarter
- Tracks highly liquid hydrogen companies, based on market capitalization and trading volume
- Stocks must derive at least 50% of revenues from the hydrogen economy (exceptions possible)
- Excludes companies that severely violate UN Global Compact Principles or derive any revenue from Controversial Weapons according to ISS data.
- Excludes companies that derive more than 5% of their revenue from sectors including, but not limited to Thermal Coal, Fossil Fuels, Oil Sands, Nuclear Power, Civilian Firearms, Military Equipment and Tobacco.
Risk Factors: Equity Market Risk, Liquidity Risks, Limited Diversification Risk, Risk of Investing in Smaller Companies, Risk of Investing in the Energy Sector, Foreign Currency Risk
Underlying Index
MVIS Global Hydrogen Economy ESG Index (MVHTWOTR)
Performance
Holdings
Portfolio
Literature
Index
Index Description
The MVIS Global Hydrogen Economy ESG Index tracks the overall performance of the global hydrogen segment and also considers fuel cell companies and industrial gases companies to a certain extent.
Index Key Points
Underlying Index
MVIS® Global Hydrogen Economy ESG Index (MVHTWOTR)
Index Composition
The modified market cap-weighted index tracks the performance of the global hydrogen segment and also considers fuel cell companies and industrial gases companies to a certain extend. The index includes mainly companies with at least 50% (25% for current components) of their revenues from hydrogen projects or projects that have the potential to generate at least 50% of their revenues from the hydrogen industry when developed. Due to the lack of pure-play companies in the global hydrogen segment, the index will also considers companies with at least 50% (25% for current components) of their revenues from fuel cells or industrial gases projects or projects that have the potential to generate at least 50% of their revenues from the fuel cell industry or the industrial gases industry.
Companies initially eligible for inclusion in Index
- Companies have to generate at least 50% revenues from the hydrogen economy (exceptions possible)
- Market cap exceeding $150 million
- At least 250,000 shares traded per month over the last six months at a review and also at the previous two reviews
- Individual company weights are capped at 10%
- Companies with very severe social norms violations, or that have greater than 0% revenue exposure to controversial weapons, or that exceed certain thresholds of revenue exposure to various sectors including but not limited to civilian firearms, tobacco, and energy extractives are not eligible for inclusion.
- Companies that are not covered by ISS or for which relevant data fields are not collected by ISS may be eligible for inclusion. For more details on the screening, please refer to the Index Methodology below.