- These reductions should benefit both current holders and new investors, and underscore HANetf’s commitment to offering competitive pricing and cost-efficient solutions.
- ZERO provides exposure to clean energy by tracking the S&P Global Clean Energy Select Index, the gold standard index for clean energy investing.
- TANN provides targeted solar energy exposure with a unique modified equal weighting methodology.
June 2023, London
HANetf, Europe’s first and only independent white-label UCITS ETF and ETC platform, and leading provider of digital asset ETPs, is pleased to announce a notable reduction in the total expense ratios (TERs) for two of its prominent clean energy focused funds: Solar Energy UCITS ETF (TANN) and HANetf S&P Global Clean Energy Select HANzero™ UCITS ETF (ZERO). 
TANN, Europe’s first solar energy ETF, will witness a substantial TER reduction from 69 basis points (bps) to 49 bps. This reduction represents a 29% decrease in costs, delivering a significant improvement in the fund's overall cost structure. The move underscores HANetf's commitment to offering competitive pricing while delivering optimal investment outcomes for its clients.
In addition to this, ZERO, which provides pure-play exposure to global clean energy companies, will see its TER reduced from 55 bps to 39 bps—a decrease of 29%. ZERO also includes a carbon offset, allowing for carbon-neutral investing from the onset of the investment. The carbon offset costs are paid for within the TER and are not an extra cost.
As the global shift towards renewable energy intensifies, HANetf believes that reducing costs will attract a broader range of investors seeking to align their portfolios with sustainable objectives.
The updated TERs for both ETFs came into effect on 1st June 2023. Existing investors will automatically benefit from the reduced expense ratios, while new investors can take advantage of the improved cost structure immediately.
Hector McNeil, Co-CEO and Co-Founder of HANetf, comments: “HANetf is proud to announce the reduced expense ratios for these two cutting-edge ETFs. By significantly lowering the TERs, we are demonstrating our commitment to providing investors with cost-effective and efficient investment solutions, while aligning our offerings with the accelerating demand for clean energy investments. Both of these great thematic ETFs at these TER levels will be the lowest cost ETFs covering these popular themes. We believe these reductions will help investors increase their returns across their portfolios.”
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