Global X ETFs, the New York-based provider of ETFs, has announced the launch of the Global X Disruptive Materials UCITS ETF (DMAT). DMAT will be listed on London Stock Exchange, Deutsche Börse Xetra and Borsa Italiana.
Global X ETFs, the New York-based provider of ETFs, has announced the launch of the Global X Disruptive Materials UCITS ETF (DMAT). DMAT will be listed on London Stock Exchange, Deutsche Börse Xetra and Borsa Italiana.
The launch of DMAT represents Global X’s latest addition to its line-up of Thematic Growth UCITS ETFs, which provide investors targeted exposure to companies around the world driving long term, paradigm-shifting themes.
The firm writes that from alternative energy sources such as solar panels and wind turbines to evolving technology like lithium batteries and electric vehicles, disruption is rapidly changing how our world looks.
“These advancements can help slow climate change, improve productivity, or connect millions of people around the world. But behind these complex technologies are many essential raw inputs like certain metals, minerals, and materials, including carbon fibre, cobalt, copper, graphene & graphite, lithium, manganese, nickel, platinum & palladium, rare earth elements, and zinc – collectively known as “disruptive materials”. Just as fossil fuels were critical commodities for the 20th century economy, disruptive materials could be the essential inputs for the 21st century economy.”
“From the rise of autonomous vehicles to growth in new technologies driving a global shift toward renewable energy, major economic advancements are poised to support decades of strong demand for a range of disruptive materials,” says Morgane Delledonne, Head of Investment Strategy, Europe. “DMAT leverages Global X’s expertise in thematic investing to provide investors efficient access to the critical upstream companies involved in mining and producing the materials that are foundational to many 21st century technologies.”
With an expense ratio of 0.50 per cent, DMAT seeks to invest in companies that produce metals and other raw or composite materials that have been identified as essential to disruptive technologies as identified by the underlying index, the Solactive Disruptive Materials V2 Index. The fund will join the growing Global X suite of more than 30 UCITS ETFs.
