Ukraine Recovery UCITS ETF

Issuer: HANetf

Asset Class: Equity

TER: 65

Trading Currency: USD

Pays Income: False

Listing Date: 12 Mar 2026

Ticker: UKRN

ISIN: IE000R8PO127

This investment vehicle offers a targeted approach to capitalize on the anticipated multi-decade reconstruction and recovery of Ukraine. The strategy focuses on companies that are strategically positioned to benefit from the monumental task of rebuilding the nation's infrastructure, economy, and society. The scale of this undertaking is projected to be one of the largest reconstruction efforts in modern history, with international organizations estimating the required capital to be in the hundreds of billions. This creates a compelling, long-term investment thesis centered on the revitalization of a key European nation. The portfolio provides exposure not just to domestic Ukrainian firms but also to a curated selection of international companies with established operations and a strong presence in Ukraine and its neighboring countries, ensuring they are primed to participate in the rebuilding process.

The underlying portfolio is constructed by identifying companies with high "Ukraine exposure scores," which are derived from their current revenue streams, operational footprint, and strategic importance to the region's recovery. This methodology results in a diversified basket of equities across several critical sectors, including materials, industrials, energy, consumer goods, and communication services. By investing in these key areas, the fund aims to capture the broad economic uplift expected from the inflow of international aid, foreign direct investment, and potential war reparations. It represents an opportunity for investors to contribute to and benefit from the long-term economic resurgence of Ukraine, transforming a post-conflict scenario into a narrative of growth and development.