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HANetf’s European Green Deal UCITS ETF surpasses USD52m AUM


HANetf has announced that their European Green Deal UCITS ETF (ticker: EUGD) has reached USD52 million (EUR49.9 million) in assets within two months of AUM its launch. 

Launched in association with Societe Generale in July, EUGD seeks to provide exposure to the companies that should benefit from the European Green Deal – a landmark economic strategy set forth by the European Commission which aims to reduce greenhouse gases by 55 per cent by 2030 and turn Europe into the world’s first carbon neutral continent by 2050.

The plan requires the mobilisation of EUR1 trillion in sustainable investments over the next decade – something EU Commission President Ursula von der Leyden outlined in a speech this month, where she advocated for “economic realism” rather than “regulation alone”.

Von der Leyden also made clear that the next stage of the Green Deal will need to focus on industrial policy, namely through a series of “Clean Transition Dialogues” with industry. 

Beyond making Europe the first climate neutral continent worldwide, the Deal is expected to create new opportunities for innovation, investment, and jobs. Additionally, all 27 EU Member States have committed to the Deal. EUGD is the only ETF available globally that is focused on the European Green Deal.

The European Green Deal UCITS ETF targets stocks, selected by Societe Generale’s research department, from within four key sectors that could benefit from this agreement:

•          Clean Energy: The EU has set a 45 per cent target for renewable energy generation by 2030 (up from 22 per cent in 2021), requiring substantial investment.

•          Sustainable Mobility: 90 per cent reduction in transport related emissions by 2050 is needed, with investment in rail, hydrogen, electric vehicles and biofuel key.

•          Building & Renovation: EU commission want to double the current rate renovation of public & private buildings, improving energy efficiency.

•          Circular Economy: Potential for recycling & waste management companies to benefit from the 70 per cent waste recycling target set by the EU by 2030 (up from 55 per cent currently).

Hector McNeil, Founder and co-CEO of HANetf, comments: “We are delighted to see European Green Deal UCITS ETF (EUGD) reach USD52 million AUM in such a short span of time. The European Green Deal is set to transform Europe over the coming decade, and will require significant investment. With this, we expect to see considerable growth among the companies central to the energy transition. 

“EUGD is well placed to capture this growth, tracking the SGI European Green Deal ESG Screened NTR Index with stocks selected by Societe Generale’s expert research team. EUGD is one of many ETFs offered on the HANetf differentiated platform that allow investors to invest in carbon reduction and sustainable sectors.”

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