ETF Securities (ETFS) is set to launch three new exchange traded funds (ETFs) bolstering its Future Present technology range.
The funds are the first since it was announced that the company would be acquired by Legal & General Investment Management (LGIM). Once the deal completes, the products will be transferred to LGIM.
The new funds will be called ETFS Battery Value-Chain Go, ETFS Pharma Breakthrough Go, ETFS Ecommerce Logistics Go and sit alongside the robotics and cybersecurity ETFs currently in its Future Present fund series.
ETFS Battery Value-Chain Go offers exposure to companies driving the growth of energy storage solutions. It will track the Solactive Battery Value-Chain index, which aims to track the performance of companies that provide certain electro-chemical energy storage technologies and mining companies that produce metals used to manufacture batteries.
ETFS Ecommerce Logistics Go offers exposure to companies that are facilitating the logistics of ecommerce. The fund is designed to track the Solactive Ecommerce Logistics index which tracks the performance of logistics service providers and technology companies which are engaged in eCommerce.
ETFS Pharma Breakthrough Go offers exposure to companies that are engaged in the research and development of drugs that combat rare disease. It track the Solactive Pharma Breakthrough Value index.
Howie Li (pictured), CEO of Canvas, ETF Securities said: 'Innovative energy storage is revolutionising how we live and work, and we believe that the battery product will provide exposure to a range of potentially high-growth, high-value companies exposed to this fast-changing industry.
'We expect the new range of ETFs to be attractive to investors that are looking for potential growth opportunities that capture the progress being made in these emerging industries.'