White-label issuer HANetf has launched the Ukraine Reconstruction UCITS ETF (UKRN), a thematic strategy designed to provide exposure to companies positioned to support the long-term rebuilding of Ukraine. The ETF tracks the VettaFi Ukraine Reconstruction Index and is listed on the London Stock Exchange, Deutsche Börse Xetra, and Borsa Italiana.
The launch underscores VettaFi’s expanding footprint in the European ETF ecosystem and its ability to develop index frameworks that support differentiated ETF exposures for global issuers.
The rebuilding of Ukraine is projected to be one of the largest reconstruction efforts in Europe. The VettaFi Ukraine Reconstruction Index was developed to provide exposure to companies positioned to participate in the country’s long-term economic recovery. At launch, the index primarily includes global companies with the operational scale and technical expertise required for large-scale rebuilding and modernization projects.
Importantly, the methodology is designed to evolve alongside Ukraine’s domestic markets. The index incorporates mechanisms that allow for accelerated inclusion of Ukrainian-listed companies, enabling direct exposure to Ukrainian firms to increase over time.
Key features of the methodology include:
Out-of-cycle IPO inclusion for newly listed Ukrainian companies, evaluated on a monthly basis
Lower eligibility thresholds for Ukrainian companies
Explicit exclusion of companies with identified Russian operational exposure
Sector exposure is currently concentrated in industrials, with additional allocations across materials, technology, and energy.
The launch was marked by an event at the London Stock Exchange attended by Ukrainian and UK officials, including the Ukrainian Ambassador to the United Kingdom.
The strategy demonstrates how collaboration between index providers and ETF issuers can translate complex geopolitical and economic developments into transparent, rules-based investment frameworks. For VettaFi, the launch further reflects our growing work with global ETF issuers to design custom indices that support innovative strategies and new market opportunities.

White-label issuer HANetf has launched the Ukraine Reconstruction UCITS ETF (UKRN), a thematic strategy designed to provide exposure to companies positioned to support the long-term rebuilding of Ukraine. The ETF tracks the VettaFi Ukraine Reconstruction Index and is listed on the London Stock Exchange, Deutsche Börse Xetra, and Borsa Italiana.
The launch underscores VettaFi’s expanding footprint in the European ETF ecosystem and its ability to develop index frameworks that support differentiated ETF exposures for global issuers.
The rebuilding of Ukraine is projected to be one of the largest reconstruction efforts in Europe. The VettaFi Ukraine Reconstruction Index was developed to provide exposure to companies positioned to participate in the country’s long-term economic recovery. At launch, the index primarily includes global companies with the operational scale and technical expertise required for large-scale rebuilding and modernization projects.
Importantly, the methodology is designed to evolve alongside Ukraine’s domestic markets. The index incorporates mechanisms that allow for accelerated inclusion of Ukrainian-listed companies, enabling direct exposure to Ukrainian firms to increase over time.
Key features of the methodology include:
Out-of-cycle IPO inclusion for newly listed Ukrainian companies, evaluated on a monthly basis
Lower eligibility thresholds for Ukrainian companies
Explicit exclusion of companies with identified Russian operational exposure
Sector exposure is currently concentrated in industrials, with additional allocations across materials, technology, and energy.
The launch was marked by an event at the London Stock Exchange attended by Ukrainian and UK officials, including the Ukrainian Ambassador to the United Kingdom.
The strategy demonstrates how collaboration between index providers and ETF issuers can translate complex geopolitical and economic developments into transparent, rules-based investment frameworks. For VettaFi, the launch further reflects our growing work with global ETF issuers to design custom indices that support innovative strategies and new market opportunities.