Launch of World’s First Pure Play Enterprise Software ETF to List on London Stock Exchange.
Learn more about our Enterprise Software ETF
- Purpose Enterprise Software ESG-S UCITS ETF (Ticker: SOFT) ‘SOFT’ will list on London Stock Exchange
in late July.
- SOFT offers investors an efficient way of gaining
diversified exposure to the fastest-growing global software companies.
- 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.
- SOFT excludes companies with exposure to controversial weapons and fossil fuels. The
ETF has been designated Article 8 under the Sustainable
Finance Disclosure Regulation (SFDR).
- SOFT is the third ETF Purpose Investments issued on the
26th July 2021, London
The launch of Europe’s first Enterprise Software ETF with an
ESG screen, Purpose Enterprise Software ESG-S UCITS ETF (Ticker: SOFT)
‘SOFT’ will list on London Stock
Exchange in late July and will be passported for sale across Europe. It will provide investors with
exposure to a varied, ESG-screened, selection of enterprise software companies
at the forefront of the digital revolution.
The Purpose Enterprise Software ETF was launched in partnership with Canada-based ETF and asset manager,
Purpose Investments, and European ETF specialists, HANetf. This will be the
third ETF 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.
SOFT will offer investors
diversified exposure to global software companies, including household names such
as Adobe, Shopify and Twitter as well as holdings such as Paycom Software, Palo
Alto Networks and Hubspot.
The software industry has benefitted
greatly from the acceleration of digital transformation as industries move
towards automation and improved operational efficiency. Through SOFT, investors
have an efficient means of accessing these trends.
Unlike many information technology
ETFs, which are allocated across SaaS (Software as a Service), PaaS (Platform
as a Service) and IaaS (Infrastructure as a Service) companies, SOFT will focus
on SaaS companies specifically, as Purpose and HANetf believe this area is primed
to be a significant beneficiary of global software megatrends.
As an example, cloud services revenue is forecasted to exceed $276.8bn in
2021, 7x the rate of overall IT market growth, and SaaS companies account for
68% of this revenue.
SOFT contains an ESG screen to exclude companies with exposure to
controversial weapons and fossil fuels. The Purpose Enterprise
Software ESG-S UCITS ETF is expected to be scheduled as Article 8 under the
Sustainable Finance Disclosure Regulation (SFDR).
SOFT will track the Solactive
Purpose Enterprise Software ESG Screened Index NTR (SOFTWARN). The SOFTWARN index performance shows it
achieved 50.28% returns in the past 12 months and 473.27% in the last 5 years.
The SOFT enterprise software ETF will have a Total Expense Ratio of 0.59%. Investing in ETFs may put your capital at
risk. Past performance is not a guide for future returns.
Som Seif, Founder
and CEO of Purpose Investments said: “The software industry plays
an important role in our everyday lives, from business support to photo
editing, and has long been at the crux of commercial enterprise.
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
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-CEO at HANetf, said: “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.
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”
Learn more about the fund here.