First Trust Lists European Infrastructure ETF on London Stock Exchange

First Trust has listed a new UCITS ETF on the London Stock Exchange, providing investors with passive exposure to European infrastructure companies.

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By ETFWorld.co.uk

Rupert Haddon Managing Director at First Trust Global Portfolios

The First Trust Indxx Europe Infrastructure UCITS ETF offers access to firms across the energy, transportation, and digital infrastructure sectors.

ETF Overview and Key Details

The fund is structured as a passively managed, index-tracking ETF. Its objective is to correspond generally to the price and yield of the Indxx Europe Infrastructure Index before fees and expenses. The fund’s basic details are as follows:

• ISIN: IE000TIZ5AP4

• Total Expense Ratio (TER): 0.60%

• Investment Policy: The fund invests primarily in equity securities included in the index, using a full replication strategy to hold securities in similar proportions. It may use depository receipts or invest in other instruments like money market funds when direct investment is not possible.

• Tracking Error: The investment manager expects a tracking error of 0-2% in normal market conditions.

The underlying Indxx Europe Infrastructure Index selects top-tier companies listed on recognised exchanges in Europe, focusing on the core infrastructure segments of energy, transportation, and digital infrastructure.

Investment Strategy and Practical Considerations

The fund employs a physical replication strategy. This means it directly purchases the equities that compose the index. While the provided document does not specify the fund’s distribution policy (accumulating or distributing), First Trust’s other European thematic UCITS ETFs, such as its Innovative Transaction & Process and NextG ETFs, are structured as accumulating funds.

For investors, the 0.60% Total Expense Ratio represents the annual cost of owning the fund. Investors should also consider the potential tracking error—the difference between the fund’s performance and the index’s performance—which the manager targets to keep between 0% and 2%. This error can arise from fees, sampling techniques, or cash drag.

Issuer Context and Market Positioning

First Trust Advisors L.P. is a significant player in the thematic ETF space. The firm emphasizes “identifying emerging trends that are shaping our future world” as a core part of its investment philosophy. The launch of this infrastructure ETF aligns with this thematic focus, providing a tool for investors targeting a specific long-term structural trend.

Recent activity indicates First Trust is actively expanding its product lineup. In late December 2025, it listed the “First Trust Vest US Equity Max Buffer UCITS ETF” on Xetra. Furthermore, a regulatory filing in January 2026 showed the firm registering 18 additional ETFs in the United States, covering themes like cloud computing, artificial intelligence, and nuclear power. This infrastructure ETF appears part of a broader product expansion strategy.

The listing of the First Trust Indxx Europe Infrastructure UCITS ETF provides a new, specialized option for investors seeking targeted exposure to a critical sector of the European economy.

For investors considering this ETF, the primary considerations are:

• Thematic Focus: The fund offers pure exposure to European infrastructure, a sector often considered a hedge against inflation and sensitive to regional fiscal policy.

• Cost: With a 0.60% TER, the fund is more expensive than some competing infrastructure products but is priced in line with First Trust’s other thematic offerings.

• Strategy: The passive, full replication approach aims for straightforward index tracking with a defined tracking error range.

The fund’s success will depend on investor appetite for European infrastructure assets and how its performance and cost profile are perceived relative to existing alternatives in the market.

Source: ETFWorld