First Trust and Indxx have plans to launch an energy-transition metals and minerals ETF, First Trust Indxx Future Economy Metals UCITS ETF, on the London Stock Exchange, reported other media outlets.
METL aims to provide investors with strategic exposure to the companies producing the metals and minerals necessary for the energy transition and computing revolution to accelerate.
METL strategically targets sustainable-energy metal providers, nextgen mobility metals and future-tech metals.
“Metals and minerals are instrumental in propelling the shift from fossil fuels to renewable energy, electric vehicles and hydrogen production,” said Rahul Sen Sharma, president and co-CEO at Indxx. “The International Energy Agency anticipates a sixfold rise in mineral demand by 2050, owing to the shift towards a carbon-free economy. Our Global Future Economy Metals Index offers exposure to companies facilitating this transition. We are thrilled to collaborate with First T