Invesco has launched a new thematic equity ETF in Europe providing exposure to companies that are driving innovation in clean energy technologies.
Gary Buxton, Head of EMEA ETFs at Invesco.
The
London Stock Exchange in US dollars (
GCLE LN) and pound sterling (
GCLX LN) and comes with an expense ratio of 0.60%.
The fund is linked to the
WilderHill New Energy Global Innovation Index from California-based
WilderHill, a specialist provider of sustainable indices related to the clean energy and clean ocean investment themes.
WilderHill is known for developing some of the first benchmarks in the alternative energy segment. Its flagship index, the North America-focused
First Trust overhauls investment objective on smart beta ETFs
Three funds affected
First Trust has switched the investment objective on a trio of smart beta funds from a country-specific focus to various themes and has appointed a new index for each one.
Formerly part of its AlphaDEX range of products, each fund has seen its investment objective and policy changed to follow a thematic benchmark, from 5G to clean energy. First Trust launches biotech.
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Fighting Climate Change via ETFs was Popular in Late 2020
Key Takeaways
Despite thematic ETFs representing just 2% of the U.S. listed fund market, assets tied to these long-term growth strategies climbed 78% in the fourth quarter aided by strong net inflows.
Clean energy ETF assets doubled in the last three months of 2020 to $18 billion, amid optimism of the Biden administration. These ETFs manage more assets than funds focused on big data or connectivity mega-themes.
Fundamental Context
At the end of 2020, there were 148 thematic ETFs managing $104 billion in assets according to Global X. While thematic ETFs represent just 2% of overall ETF assets, the base grew a whopping 78% in the last three months of 2020, aided by strong performance and $26 billion of net inflows. Relative to the end of 2019, thematic ETFs jumped 274%. Global X characterizes thematic ETFs the company and its peers offer as following long-term growth-focused strategies; unconstrained by arbitrary geograph
F
EELGOOD firms which put the environment, society and corporate governance - the holy trinity dubbed ESG - at the heart of their operations were the big winners to emerge from 2020’s Covid-19 battered economy.
Exchange traded funds (ETFs) which focus their investments on these ethical stocks recovered from the pandemic at a pace and scale which left other sectors standing. Covid was the moment,” one senior investment manager told the Standard. “Covid was the stress test for ESG. Before then, people were cynical, saying ESG was a fair-weather phenomenon. They’d say ’just you wait until the next recession, everyone will hunker back in sovereign bonds.’
FT Portfolios Canada Co. Announces Proposals to Change the Investment Objectives of Certain Funds
TORONTO, Dec. 18, 2020 FT Portfolios Canada Co. (the “
Manager”), the manager of First Trust AlphaDEX™ U.S. Utilities Sector Index ETF, First Trust AlphaDEX™ U.S. Consumer Staples Sector Index ETF, First Trust AlphaDEX™ U.S. Consumer Discretionary Sector Index ETF, First Trust AlphaDEX™ U.S. Materials Sector Index ETF, First Trust AlphaDEX™ U.S. Energy Sector Index ETF, First Trust AlphaDEX™ U.S. Financial Sector Index ETF and First Trust Dorsey Wright U.S. Sector Rotation Index ETF (CAD-Hedged) (collectively, the “
Funds”) is pleased to announce that the board of directors of the Manager has approved a proposal to change the investment objectives of each of the Funds as set out below (the “