Nomura Energy Transition ETF (PWER) is an actively managed exchange-traded fund that seeks long-term capital growth by investing at least 80% of its net assets in a diversified portfolio of global equity securities across the energy, materials, industrials, renewable energy, and related sectors to facilitate the transition to low-carbon energy sources and lower-emission power production. The fund's top holdings include companies such as First Solar Inc., CF Industries Holdings Inc., Hudbay Minerals Inc., Ero Copper Corp., and Steel Dynamics Inc., focusing on firms involved in renewable energy technologies, critical materials for energy infrastructure, and sustainable industrial processes. Launched on November 28, 2023, by Nomura ETF Trust under Nomura Asset Management—a subsidiary of Nomura Holdings, Inc., headquartered in Tokyo, Japan—the ETF trades on the NYSE Arca exchange and targets institutional and retail investors interested in thematic equity exposure to the global energy transition.
In a significant recent development, the fund rebranded from Macquarie Energy Transition ETF to Nomura Energy Transition ETF following Nomura's acquisition of Macquarie Asset Management's US and European public investments business, reflecting Nomura's strategic expansion into actively managed ETFs amid growing demand for energy transition strategies. Nomura Holdings, the parent entity founded in 1925, continues to enhance its asset management offerings through such integrations, with no major new product launches, funding rounds, or partnerships announced for PWER specifically in 2025. The ETF maintains operations globally, with portfolio companies spanning North America, Europe, and other regions, and reports an expense ratio of 0.80% as of late 2025.