The Purpose Enterprise Software ESG-S UCITS ETF (Ticker: SOFT) offers investors an efficient way of gaining diversified exposure to global software companies.
SOFT will track the Solactive Purpose Enterprise Software ESG Screened Index which looks to include companies that have created substantial moats in their respective verticals through deep product market fit and R&D investments and have high recurring revenue, high gross margins, strong free cash flow, and cashed up balance sheets.
SOFT contains an ESG screen to exclude companies with exposure to controversial weapons and fossil fuels.