Goldman Sachs launches clean energy ETF

Share post:

Goldman Sachs announced the launch of the Bloomberg Clean Energy Equity ETF — set to trade under the ticker GCLN. The fund was created by Goldman Sachs Asset Management and energy sector specialists at Bloomberg. It will track companies with the greatest exposure to the clean energy transition.

ETF Newz Says:

GCLN will track the Bloomberg Goldman Sachs Global Clean Energy index (BGSCET), market cap-weighted index with exposure to 175 global equities deemed having “significant business exposure” to the clean energy sector. There have been large movements toward ESG investing as of late.

Related

Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

Tim Draper’s Bold Prediction: Bitcoin (BTC) Price Set to Skyrocket to $250K!

In the world of finance, Bitcoin is increasingly recognized as a transformative force. With the potential to challenge...

Bitcoin ETF: Navigating the Perils of SEC Rejection and Fierce Opposition from Funds

A recent court order has directed the Securities and Exchange Commission (SEC) to reconsider its denial of Grayscale's...

Nike’s Shocking 10% Plunge: Sales Outlook Slashed

Nike, a leading athletic apparel⁢ company, ⁣recently announced plans to reduce costs by $2 ‍billion over the next...