Han ETF has partnered with Sprott Asset Management to launch the Sprott Copper Miners ESG-Screened UCITS ETF.
The Article 8 strategy is Europe’s first ETF aimed at providing investors with exposure to copper miners.
It will track the Nasdaq Sprott Copper Miners ESG Screened Index, and seeks to ensure compliance with Article 8 requirements through ESG reviews by Skarn Associates, controversy review by Sustainalytics, and additional screens for compliance with the United Nations Global Compact.
John Ciampaglia, CEO of Sprott Asset Management, said: “Despite the size of the copper metal market and growing investor interest in the metal as the energy transition gains momentum, it’s been challenging for investors to gain targeted exposure to copper miners.”
The two firms have previously partnered to launch the Sprott Uranium Miners UCITS ETF and Sprott Energy Transition Materials UCITS ETF.
According to the passives provider, demand for copper is expected to rise due to its essential role in the clean energy transition. The metal is used in large quantities for the production of electric vehicles.