L&G Battery Value-Chain UCITS ETF (BATE)

Profile

https://oci-global.com

L&G Battery Value-Chain UCITS ETF is an exchange-traded fund that tracks the Solactive Battery Value-Chain Index Net Total Return, providing investors with targeted exposure to the global battery value-chain sector. Launched in October 2019 and domiciled in Ireland, this accumulating ETF reinvests dividends rather than distributing them, supporting compounded growth within the fund. Managed by Legal & General Investment Management (LGIM), it employs a physical replication strategy with a total expense ratio of 0.49% per annum, making it a cost-efficient vehicle for long-only equity investments in thematic assets. The fund focuses on companies involved across the battery production ecosystem, from raw material extraction and processing to manufacturing components like cathodes, anodes, electrolytes, and separators, as well as battery pack assembly and enabling technologies. Denominated in USD and unhedged against currency risk, it holds a relatively small asset base of approximately 44-456 million euros, reflecting its niche role in capturing growth from the expanding electric vehicle and energy storage markets. This ETF plays a key part in thematic investing strategies, offering diversified access to the critical battery supply chain that underpins the global transition to sustainable energy.