New First Trust ETF on Xetra: renewable energies
New First Trust ETF on Xetra: renewable energies
A new exchange-traded fund issued by First Trust has been tradable on Xetra and Börse Frankfurt since Friday.
With the First Trust Nasdaq Clean Edge Green Energy UCITS ETF - Acc, investors invest in companies that are related to the development, production, distribution or installation of renewable energies and thus provide technologies for a low-carbon economy. To be included in the index, companies must generate at least 50 per cent of their turnover from renewable energies.
Companies are considered that, for example, manufacture membranes and filters for the reduction of pollutants, design intelligent energy management and storage systems for batteries and hydrogen drives, or produce solar, hydro or wind energy.
The weighting of a stock is limited to a maximum of eight per cent. In addition, only five shares may reach this threshold.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
First Trust Nasdaq Clean Edge Green Energy UCITS ETF - Acc | Equity ETF | 0.60 per cent | Accumulating | Nasdaq Clean Edge Green Energy Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,634 ETFs. With this selection and an average monthly trading volume of around €16.5 billion, Xetra is the leading trading venue for ETFs in Europe.