First Trust has launched a new fund on the London Stock Exchange and Deutsche Börse Xetra, according to Smart Energy International.
The Nasdaq Clean Edge Smart Grid Infrastructure fund racks the performance of stocks in the smart grid and electricity infrastructure sectors for European investors.
It is linked to the Nasdaq OMX Clean Edge Smart Grid Infrastructure Index, which also supports the company’s U.S.-listed Nasdaq Clean Edge Smart Grid Infrastructure Index Fund (GRID), which launched on Nasdaq in 2009 and now comprises about $6.6 billion in assets.