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Descriptive ETF launch news without the author's own investment argument.
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White-label issuer HANetf has extended its thematic ETF roster with an attention-grabbing launch intending to capture the beneficiaries of the rebuild of Ukraine’s infrastructure, energy network and industrial base.
The Ukraine Reconstruction UCITS ETF (UKRN) has begun trading on the London Stock Exchange (LSE) Deutsche Börse and Borse Italiana with a total expense ratio (TER) of 0.65%.
UKRN tracks the VettaFi Ukraine Reconstruction index which provides exposure to 50 companies across three main segments: European infrastructure firms, industrial companies involved in equipment, electrical components and power generation, and defence companies deriving more than half their revenue from defence equipment or technology.
UKRN may invest up to 5% of its assets in funds that have a stated investment focus that includes Ukrainian firms. Ukrainian-headquartered companies and those with significant operations in the country are also eligible for inclusion.
To account for the shortage of scaled and listed domestic companies available to support its underlying theme, the index can fast-track the inclusion of Ukrainian companies with an out-of-cycle IPO within 10–50 days of listing. While international companies must have a market cap of at least $100m to be included, this threshold is also lowered for Ukrainian companies and Ukraine-focused funds.