ETF offers a broad, complete exposure to the
New Energy Economy, a multi-decade theme already driving innovation
in energy production, distribution, storage and use
Blue Horizon Capital, an index, advisory and research company
focused on helping investors capture the unique opportunities in
the fast-growing New Energy Economy, today announced the launch of
the Blue Horizon BNE ETF (NYSE: BNE). Exchange Traded Concepts is
the issuer of this new fund, which trades on the New York Stock
Exchange tracking an index developed by the Blue Horizon team.
BNE is designed to be a one-fund solution, capturing the major
developments and disruptions taking place across all five segments
of the New Energy Economy, which include:
- E-Mobility, including electric vehicles, enabling
technologies and e-tools;
- Energy Storage, including batteries, components,
hydrogen, and battery recycling;
- Performance Materials, including lithium, nickel and
rare earths;
- Energy Distribution, including smart grid technology and
charging infrastructure; and
- Energy Generation, including solar, wind, biomass and
fuel cells.
“Many investors and advisors already understand the disruptive
power of the New Energy Economy, but for too long have had to
invest ‘on the bookends,’ focused on how energy is being produced,
such as through solar technology, and how energy is being used,
such as in electric cars,” said Govind Arora, Partner and President
of Blue Horizon. “That approach misses much of the innovation
taking place in storage, distribution and efficiency of final
energy delivery, which should drive the growth of the New Energy
Economy for decades to come. BNE’s holistic approach gives
investors a powerful tool for accessing the entire New Energy
Economy.”
BNE is designed to track the performance of the Blue Horizon New
Energy Economy 100 Index (“the index”), a rules-based global index
of 100 companies that are disrupting and benefiting from the shift
to the New Energy Economy. Constituents are chosen in accordance
with predetermined criteria, including minimum market
capitalization and average daily value traded. The Index is equally
weighted and rebalances semi-annually.
“Having appropriate global exposure is essential if investors
are looking to capture the full depth and breadth of the New Energy
Economy, since some of the most important advancements and use
cases are currently to be found in Asia, Europe and elsewhere,”
added John Mitchell, Partner and Head of Thematic Strategy with
Blue Horizon. “Diversification across and within New Energy Economy
segments will be key, and with BNE, investors and advisors will
have a single investment vehicle with broad and balanced exposure
to the global New Energy Economy.”
The Blue Horizon leadership team is comprised of experts who
bring deep subject matter knowledge from the finance and investing
space, as well as within key areas of the New Energy Economy
itself. Mr. Mitchell, for example, was previously President for
Albemarle Corporation’s Lithium and Advanced Materials business,
where he was a thought leader in energy materials and energy
storage developments, and prior to that held senior roles in
corporations that focused on hydrogen, private utility supply
schemes, energy efficiency applications and biogas recovery. He
brings almost 30 years of direct experience across many areas of
the New Energy Economy.
Mr. Arora also held a senior role with Albemarle, as Chief
Commercial Officer for the firm’s lithium business working with
global leaders in energy storage, prior to joining Blue Horizon. He
was previously President of Stanley Black & Decker’s Latin
American Group, CFO for Stanley Black & Decker’s Global
Emerging Markets business and CFO for Honeywell’s Process Solutions
business in Asia, based out of China. In these roles, Mr. Arora
both led and experienced the types of transitions that consumer and
industrial product manufacturers have started to make as part of
the New Energy Economy.
Greg Levinson, Partner and Head of Investment Strategy brings
more than 25 years of experience in bank prop trading, hedge funds
and alternative investments to the Blue Horizon team, and adds, “We
equate the current state of the New Energy Economy with where the
internet was 25 years ago. The world is on the cusp of historic
changes in the ways energy is generated, delivered and used. We can
already see tangible changes in our daily lives, as more electric
vehicles take to the roads and charging stations and other
infrastructure enhancements become more commonplace. But like the
internet, this is a long-term growth story, and having a
diversified, liquid, tax efficient vehicle will be key as investors
look to build their exposure to this thematic. We could not be more
pleased to be bringing the BNE ETF to the market.”
You can learn more about the fund here: www.BNE-etf.com.
About Blue Horizon Capital
Blue Horizon Capital is an index, advisory and research company
wholly focused on helping investors capture the unique
opportunities in the fast-growing New Energy Economy. The firm was
founded and is led by an experienced leadership team that brings
decades of collective experience in areas such as energy
generation, storage and distribution, performance materials and
more. Learn more here: www.BHC-invest.com
About Exchange Traded Concepts
Exchange Traded Concepts is a private-label ETF advisor that
launches custom domestic and international equity and fixed income
exchange traded funds through a complete turnkey solution. ETC
currently manages, advises and sub-advises 27 ETF's with more than
$3 billion in AUM. ETC's ETF-In-A-Box TM Solution provides an
efficient and cost-effective method to bring exchange-traded funds
to market. Additional information can be found on the Exchange
Traded Concepts' website.
Disclosures
The Fund’s investment objectives, risks, charges, and
expenses must be considered carefully before investing. The summary
and statutory prospectuses contain this and other important
information about the investment company, and it may be obtained by
calling 800-123-4567 or visiting www.BNE-etf.com. Read it carefully
before investing.
Investments involve risk. Principal loss is possible. The fund
may trade at a premium or discount to NAV. Shares of any ETF are
bought and sold at market price (not NAV) and are not individually
redeemed from the Fund. Brokerage commissions will reduce returns.
The Index, and consequently the Fund, is expected to concentrate
its investments in real estate companies. As a result, the value of
the Fund’s shares may rise and fall more than the value of shares
of a fund that invests in securities of companies in a broader
range of industries.
New Energy Ecosystem Companies include energy, industrial,
infrastructure, and logistics companies, among others, and will
therefore be susceptible to adverse economic, environmental,
business, regulatory, or other occurrences affecting such
companies. New Energy Ecosystem Companies may be affected by the
obsolescence of existing technology, short product cycles, falling
prices and profits, competition from new market entrants and
general economic conditions. In addition, intense competition and
legislation resulting in more strict government regulations and
enforcement policies and specific expenditures for cleanup efforts
can significantly affect this sector.
The Fund’s investments will be concentrated in an industry or
group of industries to the extent that the Index is so
concentrated. In such event, the value of the Shares may rise and
fall more than the value of shares of a fund that invests in
securities of companies in a broader range of industries. To the
extent the fund invests more heavily in the Energy Sector,
Industrial Sector and Materials Sector, its performance will be
especially sensitive to developments in those sectors. The Fund is
considered to be non-diversified, which means that it may invest
more of its assets in the securities of a single issuer or a
smaller number of issuers than if it were a diversified fund. As a
result, the Fund may be more exposed to the risks associated with
and developments affecting an individual issuer or a smaller number
of issuers than a fund that invests more widely. This may increase
the Fund’s volatility and cause the performance of a relatively
smaller number of issuers to have a greater impact on the Fund’s
performance. The Fund may invest in foreign securities, which
involve political, economic and currency risks, greater volatility,
and differences in accounting methods. The Fund may also invest in
smaller companies, which involve additional risks such as limited
liquidity and greater volatility.
The Fund is a recently organized investment company with a
limited operating history. As a result, prospective investors have
a limited track record or history on which to base their investment
decision.
Exchange Traded Concepts, LLC is advisor to the fund. Blue
Horizon serves as the index provider. The fund is distributed by
Quasar Distributors, LLC which is not affiliated with Blue
Horizon, Exchange Traded Concepts, LLC, or any of their
affiliates.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201209005201/en/
Chris Sullivan/Rosa Sobrino MacMillan Communications (212)
473-4442 chris@macmillancom.com
Bowne & Co (NYSE:BNE)
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