Frankfurt (10 March 2021) – Today, MV Index Solutions GmbH (MVIS®) announced the licensing of the BlueStar Hydrogen and NextGen Fuel Cell Index (ticker: BHDRO) to Defiance ETFs for the use in a next generation ETF that offers retail clients exposure to companies involved in the development of hydrogen-based energy sources and fuel technologies.
“We are pleased to license our Hydrogen and NextGen Fuel Cell Index to Defiance ETFs, providing their new fund with pure-play benchmark for this transformative clean-energy-related theme,” said Josh Kaplan, Global Head of Research at MV Index Solutions. ”With this index we add to our family of broad and pure-play clean energy thematic indices,” he added.
"We're already starting to see hydrogen take on a larger role as a viable energy source," Defiance ETFs President Paul Dellaquila said. "We believe that as governments and corporations continue to demand renewable energy sources and adopt more environment-friendly policies, Hydrogen will be a pivotal resource to help fuel a cleaner economy."The BlueStar Hydrogen and NextGen Fuel Cell Index (ticker: BHDRO), launched on 09 March 2021, is a global index that tracks the performance of the global hydrogen and fuel cell segment. Due to the lack of pure-play companies in the global hydrogen and fuel cell segments, this includes pure-play and non-pure-play companies.