A new ETF has just launched this week on the Singapore Exchange (SGX) looking to help investor reduce their portfolios carbon footprint. The Lion-OCBC Securities Singapore Low Carbon ETF (ESG) already exists in the US under the ticker (ESU) with over $60 million under management but the launch makes it the first low carbon ETF on the SGX. ESG follows the iEdge-OCBC Singapore Low Carbon Select 50 Capped Index which offers exposure to 50 of Singapore’s companies and trusts with the lowest carbon intensity performances.
First Low Carbon ETF Launches On SGX
Share post:
ETF Newz Says:
Similar low carbon ETFs have launched this year but so far their returns haven’t been positive.