ETF provider HANetf has listed its European Green Deal Ucits ETF developed with France-based multinational financial services company Societe Generale on Euronext Paris.
Last July, the European Green Deal Ucits ETF debuted on the London Stock Exchange and Deutsche Borse Xetra, amassing $50 million in assets under management within two months.
Also recently launched on the SIX Swiss Exchange, the ETF, developed in collaboration with France-based multinational financial services company Societe Generale, seeks to provide exposure to companies poised to benefit from the European Green Deal—an initiative by the European Commission aiming to position Europe as the first carbon-neutral continent.
With over €1 trillion allocated for research and development, the deal commits to a 55% reduction in greenhouse gas emissions by 2030 and complete carbon neutrality by 2050.
As the deal not only aspires to make Europe climate neutral but also promises opportunities for innovation, investment and employment, all 27 EU Member States have pledged their commitment.
The ETF focuses on stocks in four key sectors: energy, sustainable mobility, building & renovations and circular economy. Tracked by the SGI European Green Deal ESG Screened NTR Index, EUGD incorporates an ESG screen and complies with Article 8 under the EU’s Sustainable Finance Disclosure Regulation.
Hector McNeil, co-founder and co-CEO of HANetf, commented: “The ETF, launched in association with Societe Generale, is a unique opportunity to access what EU Commission President Ursula von der Leyen described as Europe’s ‘man on the moon moment’. Demand for ETFs in France is growing steadily, evidenced by the regular queries HANetf has received from investors there.”
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