Global X ETFs has announced the launch of the Global X European Infrastructure Development UCITS ETF (BRIJ LN).
The firm writes that it is designed with the aim of enabling investors to capitalise on the significant investments and developments across European infrastructure. BRIJ aims to provide exposure across four key areas: traditional infrastructure, infrastructure networks, clean energy infrastructure, and digital infrastructure.
The backbone of a modern economy, Global X ETFs writes that infrastructure is vital in facilitating the efficient movement of people, goods, services, and information. “In Europe, infrastructure intersects with several key priorities such as national security, supply chain independence, and energy efficiency. As a result, European governments have launched ambitious infrastructure investment programmes focused on modernising and strengthening their networks. According to the Global Infrastructure Outlook, the European infrastructure investment gap—the difference between current investment trends and the actual investment needed—could reach USD2 trillion by 2040. Recognising this opportunity, BRIJ seeks to invest in companies poised to possibly benefit from these pan-European initiatives to modernise and expand infrastructure. “
“With substantial funding being directed towards infrastructure projects by both the EU and national governments, BRIJ differentiates itself from traditional infrastructure investing by using a pure-play approach that is focused on Europe.” says Morgane Delledonne, Head of Investment Strategy at Global X ETFs Europe. “Through this, it aims to invest in companies that stand to benefit from a potential increase in pan-European initiatives aimed at modernising infrastructure across the region.”
“We are thrilled to introduce BRIJ, a product that aligns with our commitment to innovation and to meet the evolving needs of our clients,” says Rob Oliver, Head of Global X ETFs Europe. “The launch of this product underscores our dedication to providing high-quality investment solutions that harness the potential of key global economic trends for our European investors.”
The Global X European Infrastructure Development UCITS ETF (BRIJ LN) will carry an expense ratio of 0.47 per cent and seeks to track the performance, before fees and expenses, of the Mirae Asset European Infrastructure Development Index.
