The gaming and esports sector is growing in Australia, particularly after coronavirus lockdowns left many people spending increased time at home during
Polluters Turning Green? The Future of ESG Investments May 6, 2021
Some of the more egregious polluters could become the next wave of companies to support environmental, social, and governance investments.
According to Bank of America analysts, the best prospects for ESG interest ahead include reforming firms that are contributing to high carbon-dioxide emissions, such as companies in sectors like energy, metals, and mining industries, Bloomberg reports.
Additionally, Newton Investment Management favors companies that are making the switch from coal assets to sustainable energy.
As the Biden administration leans toward environment policy changes and the European Union’s green stimulus plan, there is increased demand for more responsible investing. About 86% of investors pointed to climate change as a major factor in the next two years, compared to just 33% two years ago, according to a Robeco survey.
Bitcoin (CRYPTO: BTC) and other crypto assets.
What Happened: The Australian Financial Review reports that VanEck and BetaShares both filed with the Australian Securities Exchange (ASX) to launch the country’s first cryptocurrency-backed ETFs.
The regulator received multiple applications for the launch of such products after it dismissed speculation that it would oppose their launch.
VanEck Asia-Pacific chief executive Arian Neiron explained that the company is exploring a Bitcoin ETF on ASX as the crypto asset movement becoming more mainstream since he believes that ETFs are the “optimal delivery mechanism.”
Sydney-based BetaShares managing director Alex Vynokur also confirmed that the company filed for a crypto asset ETF with the ASX, but did not specify whether it was for a product backed by Bitcoin, a different crypto asset or even a basket of cryptocurrencies.
VanEck and BetaShares Await Approval for Aussie Bitcoin ETF
Last Updated: 06 May 2021
As Australians venture deeper into the crypto market, fund managers in the country are racing to seek approval from regulators for the first Bitcoin ETF.
Two companies that have submitted formal proposals for review and approval by the Australian Securities Exchange (ASX) are VanEck and BetaShares. The move comes despite reports in May suggesting the regulator remains wary of signing-off on a bitcoin ETF.
Plans to launch Bitcoin ETF
The regulator has confirmed that several investment companies have been making plans to launch Bitcoin ETFs. The chief executive for VanEck in the Asia-Pacific, Arian Neiron, stated that the crypto market was growing and if the ASX approved the ETFs, it would create a safe regulated space for investors.
Dirty Polluters Going Green Could Lead Next Leg of ESG Rally
May 05 2021, 4:14 PM
May 05 2021, 6:29 AM
May 05 2021, 4:14 PM
(Bloomberg) Polluters trying to go green have been tipped by analysts and fund managers as the next companies that could attract billions of dollars worth of ESG inflows.
(Bloomberg) Polluters trying to go green have been tipped by analysts and fund managers as the next companies that could attract billions of dollars worth of ESG inflows.
Bank of America believes the best prospects include reforming firms that are currently high carbon-dioxide emitters in the energy, metals and mining industries. Newton Investment Management favors companies looking to dispose of coal assets and switch to sustainable energy.