L&G Hydrogen Economy UCITS ETF USD Acc

L&G Hydrogen Economy UCITS ETF USD Acc is an exchange-traded fund designed to track the Solactive Hydrogen Economy Index, offering targeted exposure to companies worldwide active in the global hydrogen economy. Its primary purpose is to invest in firms driving the shift from fossil fuels to clean energy through innovations in hydrogen production, storage, distribution, fuel cells, electrolysis, and applications in transportation and power generation. The ETF typically holds around 35 securities, with significant allocations to the industrials sector (55.3%) and energy (11%), alongside diversified holdings across regions including North America (32.9%), Europe ex-UK (24.7%), Asia ex-Japan (12.2%), and others. Managed by Legal & General Investment Management and domiciled in Ireland, it features an accumulating structure that reinvests dividends, unhedged USD exposure, and a total expense ratio of approximately 0.49-0.53% per annum. Launched in February 2021, this ETF supports thematic investing in the expanding hydrogen sector, which is central to renewable energy advancements and efforts to reduce carbon emissions.