BetaShares Climate Change Innovation ETF
Exchange Traded Fund (ETF) manager BetaShares will launch an ETF that invests in global companies tackling climate change, called the BetaShares Climate Change Innovation ETF (ERTH).
The index that ERTH will track will include companies in the clean/renewable energy, green transportation, water and waste improvements, decarbonisation-enabling solutions and sustainable product sectors.
“The potential catastrophic impact of climate change and other environmental threats cannot be overstated. However, these challenges also present opportunities. Our new fund will provide exposure to global companies leading the fight, and likely to benefit from what we believe is a long-term megatrend," BetaShares chief executive officer, Alex Vynokur, said.
The ETF is expected to give investor exposure to not only renewable energy companies, but also those companies that manufacture electric vehicles, sustainable food and water efficiency and pollution control.