The Purpose Enterprise Software ESG-S UCITS ETF will offer investors exposure to several high-profile names such as Adobe, Shopify and Twitter
HANetf said it has partnered with Canada-based exchange-traded fund (ETF) and asset manager Purpose Investments to launch Europe’s first enterprise software ETF, the Purpose Enterprise Software ESG-S UCITS ETF, on the London Stock Exchange in late July.
The firm said the new ETF will trade under the ticker ‘SOFT’ and will be passported for sale across Europe to provide investors will exposure to a varied and ESG-screened selection of enterprise software companies at the “forefront of the digital revolution”.
Firms offered to investors through the ETF include high-profile names such as Adobe Inc, Shopify Inc and Twitter Inc, with HANetf adding that the new ETF will offer investors an “efficient means” of accessing growth trends in the market, which it said has been boosted by an acceleration of digital transformation across industries.
“Unlike other technology ETFs that include SaaS, PaaS, and IaaS companies, SOFT focuses on SaaS companies that are uniquely positioned to benefit from global software megatrends”, HANetf said, adding that the SOFT ETF also excludes companies with exposure to controversial weapons and fossil fuels.
The ETF is the third that Purpose Investments and HANetf have listed together in Europe following the launch of The Medical Cannabis and Wellness UCITS ETF in 2020 and Europe’s first ETF with a carbon offset, HANetf S&P Global Clean Energy Select HANzero UCITS ETF in June 2021.
“A big part of our strategy at HANetf has been to offer investors exposures to structural shifts within the world economy. The software industry has played a huge role in the digital revolution and has only come further into focus following the events of 2020, where efficiency within the workplace (office or home) became of paramount importance”, HANetf co-founder and co-chief executive Hector McNeil said in a statement.
“We’re delighted to work alongside Purpose Investments once again with the launch of Purpose Enterprise Software ESG-S UCITS ETF and provide investors with an efficient structure with which to capture this trend. The addition of SOFT to the HANetf platform reinforces our strong position of offering the most extensive thematic ETF platform in Europe and further focuses on bringing unique offerings and not “me too” ETFs. This ETF range is also unique as it’s backed up by experts in the sectors covered and a monthly report”, the co-CEO added.