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Invests in companies enabling electrification and the build-out of power infrastructure, from grids and electrical equipment to power generation. Thematic funds are concentrated and can be volatile.
Electricity demand is rising structurally, driven by EVs, data centres, renewables and ageing grids that need upgrading. Growth themes may not materialise as expected and can de-rate sharply.
Spans the electrification value chain, from battery technologies, energy storage, industrial electrification, grid modernization, power infrastructure, electric utilities, and independent power generation. A narrow thematic universe concentrates stock-specific risk.
Electrification, the shift from fossil fuels to electricity to power transport, industry, and daily life, is no longer a niche trend1; it is rapidly becoming the backbone of modern economies. As economies digitalize, transport systems electrify, and industries transition toward cleaner processes, electricity demand is accelerating at an unprecedented pace. In fact, electricity demand is growing twice as fast as overall energy consumption, driven by structural forces such as AI, data centers, electric vehicles (EVs), and urbanization.
Main Risk Factors: Foreign Currency Risk, Risk of Investing in Emerging Markets Issuers, Industry or Sector Concentration Risk. Investors must consider all the fund’s characteristics or objectives as detailed in the Prospectus and the related documents before making an investment decision. Please refer to the KID and the for other important information before investing. Market evolution not guaranteed.
1World Economic Forum. (2025, December 12). Global energy in 2026: Growth, resilience and competition.