White-label ETF issuer HANetf has launched two global equity ETFs targeting growth and quality.
The Lloyd Focused Equity UCITS ETF (FEP) and the Lloyd Growth Equity (GEP) are listed on the London Stock Exchange with total expense ratios (TER) of 0.85%.
FEP tracks the Solactive Lloyd Focused Equity index which captures companies with “robust” financial fundamentals.
Companies generating $10m revenue or more over five years or those with an average market cap of over $3bn over the last six months are eligible for inclusion in the index.
In addition, the median operating margin over five to 10 years must exceed 7%, while minimum earnings before interest, taxes, depreciation, and amortisation (EBITDA) over the last five years must be positive.
Finally, the average return on investment over five to 10 years must exceed 10% and the net debt to EBITDA ratio must be less than two.
Meanwhile, GEP tracks the Solactive Lloyd Growth Equity index which captures companies with strong financial fundamentals and superior growth.
The index applies the same screening criteria as the Solactive Lloyd Focused Equity index except with an added growth screen, only including companies with a positive average annual cash flow per share growth over 10 years.
HANetf launched Europe’s first junior miners ETF in February looking to target nuclear’s increasingly important role in the energy transition.
