WisdomTree has unveiled a strategic metals ETF providing exposure to the metals essential for the energy transition.

The WisdomTree Strategic Metals UCITS ETF (WENU) debuts with a total expense ratio (TER) of 0.55% and is listed on Deutsche Boerse and Borsa Italiana, with a listing on the London Stock Exchange to follow.

WENU will track a proprietary index – the WisdomTree Energy Transition Metals Commodity UCITS index – constructed in partnership with Wood Mackenzie, a data and analytics firm focused on the energy transition.

WisdomTree uses ‘expert partners’ to help design its thematic products and WENU is the firm’s sixth ETP collaboration with Wood Mackenzie.

The index selects and weights the underlying metals based on an ‘intensity rating’ determined by Wood Mackenzie. The rating is composed of a demand growth forecast as well as a market balance score reflecting the extent of over or under-supply for each metal.

Alexis Marinof (pictured), head of Europe at WisdomTree, said: “With demand for crucial metals expected to outweigh supply significantly, investors could see a favourable environment for these metals as more attention is provided to the energy transition and climate change mitigation.”

Nitesh Shah, head of commodities and macroeconomic research at WisdomTree Europe, added: “The challenge for investors is to navigate through the dynamics of technology shifts, trade policies and sudden increases in metal supply.

“The expertise offered by our partnership with Wood Mackenzie and a methodology that incorporates both supply and demand drivers help the strategy remain highly adaptive to the evolving market.”

WENU is classified as article 8 under Sustainable Finance Disclosure Regulation (SFDR) follows a transition metals miners ETF launched in April 2024.