VanEck Vectors MSCI International Sustainable Equity ETF
VanEck has launched the VanEck Vectors MSCI International Sustainable Equity ETF (ASX: ESGI), an exchange traded fund which tracks the new MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index.
Developed in partnership between VanEck and MSCI, the new index excludes: companies that own fossil fuel reserves for energy purposes; companies whose business activities are not socially responsible investments (SRI); and high carbon emitters. It then targets ESG leaders in each sector.
The ETF has a management cost of 0.55% per annum.