Platinum Asset Management has just unveiled the launch of a new actively managed ETF looking to target global ESG-related companies. The Platinum Global Transition Fund (PGTX) is available for trade on the Australian Stock Exchange (ASX) looks to offer exposure to undervalued companies across the world, tracking a portfolio of 25-60 securities aiding in the transition from fossil fuels to more renewable forms of energy.
Platinum AM Launches Global Transition Fund
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ETF Newz Says:
PGTX will have a management fee of 1.025% per annum with a performance fee of 15% of the amount the fund returns that excess a 6% annual return.