Purpose Investments has introduced a new ETF: the Purpose Global Climate Opportunities Fund.
The fund will focus on long-term capital growth by investing in companies across the globe that “are best positioned to contribute to, and benefit from, the fight against climate change,” a release said.
The fund invests in small-, medium- and large-cap stocks in various sectors — including natural resources, utilities and industrials. The fund’s management team will assess companies’ efforts to reduce and neutralize greenhouse gas emissions.
The ETF goes beyond filtering environmental, social and governance data and focuses on a combination of low-impact businesses, transformational technologies and greenhouse gas reduction potential, the release said.
“This fund has a growth-first focus, and there are meaningful investment opportunities in energy transition in addition to green technologies that we shouldn’t ignore. Sectors with traditionally high emissions represent some of the most important change that needs to happen, presenting very exciting investment opportunities,” said Purpose Investments CIO Greg Taylor.
The fund, which is managed by Taylor, associate portfolio manager Jeremy Lin and investment analyst Nicholas Mersch, has management fee of 0.75%.