Legal & General Investment Management Launches New ETF Tracking the Solactive Energy Transition Commodity Index

Solactive is pleased to announce that Legal & General Investment Management (LGIM), one of the largest asset managers in Europe, has developed the Solactive Energy Transition Commodity Index in close cooperation with Solactive. The index serves as the underlying benchmark for LGIM’s new L&G Energy Transition Commodities UCITS ETF.

Specifically, the Solactive Energy Transition Commodity Index tracks 18 commodities relevant to the global transition to more sustainable energy sources. This includes transition metals such as lithium and cobalt, energy transition commodities such as EU natural gas TTF, and carbon allowances. It applies a rules-based methodology to weight these components based on their significance for enabling the energy transition, while maintaining appropriate liquidity.

The ETF listed on 17 April on the London Stock Exchange, Deutsche Börse, Borse Italiana and the Six Swiss Exchange with the ticker symbol “ENTR”. 

Timo Pfeiffer, Chief Markets Officer at Solactive, commented: “We are proud that LGIM has chosen our Energy Transition Commodity Index to underpin this innovative new ETF. It demonstrates investors’ growing demand to align their portfolios with the sustainablility themes reshaping our world.”