Purpose Investments (Purpose) and HANetf have launched Europe’s first enterprise software ETF with an ESG screen, a new product targeting software companies leading the transition towards automation and operational efficiency.
The Purpose Enterprise Software ESG-S UCITS ETF (SOFT) will be listed on the London Stock Exchange in late July and will be passported for sale across Europe.
It aims to provide investors with exposure to a varied, ESG-screened, selection of enterprise software companies at the forefront of the digital revolution.
This includes diversified exposure to global software companies, such as Adobe, Shopify and Twitter as well as holdings such as Paycom Software, Palo Alto Networks and Hubspot.
SOFT will focus on SaaS (Software as a Service) companies specifically, as Purpose and HANetf believe this area is primed to benefit significantly from global software megatrends.
SOFT will track the Solactive Purpose Enterprise Software ESG Screened Index NTR (SOFTWARN). The SOFTWARN index performance shows it achieved 50.28 percent returns in the past 12 months and 473.27 percent in the last 5 years. The SOFT enterprise software ETF will have a Total Expense Ratio of 0.59 percent. Investing in ETFs may put your capital at risk. Past performance is not a guide for future returns.
Its ESG screen excludes companies with exposure to controversial weapons and fossil fuels.
Som Seif, founder and chief executive officer of Purpose said: “The global pandemic drove unprecedented growth in the sector, as businesses were forced to pivot and further embrace digitisation, and we believe these trends will have long lasting implications. As the global economy continues to recover, the Purpose Enterprise Software ESG-S UCITS ETF will provide investors with exposure to the varied, and ESG screened, selection of companies at the forefront of the digital revolution.”
Hector McNeil, co-founder and co-chief executive officer at HANetf, said: “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 Purpose Enterprise Software ETF is the third product that Purpose Investments and HANetf have listed together in Europe. It following the launch of The Medical Cannabis and Wellness UCITS ETF in 2020 and the HANetf S&P Global Clean Energy Select HANzero UCITS ETF in June 2021.
