Demand for new environmental, social, governance (ESG) ETFs continues on as we start 2023 with a few new filings placed in the last month. Of the new filings, popular issuer Global X has announced the Global X Carbon Credits Strategy ETF which will be linked to the ICE Global Carbon Futures Index that targets the most active carbon credit futures. Somewhat of a newcomer, Touchstone has also announced their filing for a new ESG fund, the Touchstone Climate Transition ETF (HEAT) which will be actively managed looking to use a different strategy than many other funds. HEAT will invest in emerging and developed markets focusing on companies that could benefit from the transition to a lowered carbon economy, using a three groups, solution providers, transition leaders, and adaptation opportunities.
ETF Newz Says:
ESG funds seem to be continuing on even as we are in a trend of “anti-woke investing”.
