Bringing you live news and features since 2006 

Direxion launches hydrogen ETF

RELATED TOPICS​

Direxion has launched the Direxion Hydrogen ETF (HJEN) which will focus on exposure to companies powering the clean hydrogen economy.

HJEN invests in 30 companies in the hydrogen industry leading the way towards net-zero emissions by providing more accessible, efficient and sustainable solutions.
 
“Hydrogen is the lightest and most abundant element in the universe, and it may be the key to fulfilling the world’s growing energy needs, while fighting climate change,” says David Mazza, Managing Director at Direxion. “With the launch of the Direxion Hydrogen ETF, investors now potentially have diversified exposure to the companies powering today’s dynamic hydrogen economy.”
 
HJEN seeks investment results, before fees and expenses, which track the Indxx Hydrogen Economy Index. The Indxx Hydrogen Economy Index tracks the performance of 30 companies across the following five hydrogen-related sub-themes:

Hydrogen Production and Generation: Companies involved in the process of hydrogen generation, in either liquid or solid form.
 
Hydrogen Storage and Supply: Companies engaged in providing storage and transportation services of hydrogen. It also includes companies that supply hydrogen to various users and operate hydrogen fuelling stations across countries.
 
Fuel Cell and Battery: Companies manufacturing fuel cells and batteries that are run on hydrogen-based technology.
 
Hydrogen Systems and Solutions: Companies offering equipment, components or technology used in hydrogen industry. Those involved in providing solutions and systems to the value chain across hydrogen generation, storage and supply.
 
Membrane and Catalyst: Companies that design and produce membrane, filters, catalyst or membrane assemblies for fuel cell, or hydrogen-related, technologies.
 

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by