Alternative Investments/ESG: Neuberger Berman Launches Carbon Transition ETF
Neuberger Berman launches three active, thematic, megatrend ETFs.
Neuberger Berman on Thursday launched its first actively managed ETFs covering the themes of technology disruption, digitally connected consumers, and infrastructure-enabling decarbonization. The new ETFs are Neuberger Berman’s Connected Consumer ETF (NYSEARCA: NBCC); Carbon Transition & Infrastructure ETF (NYSEARCA: NBCT); and the Disrupters ETF (NYSEARCA: NBDS). (CISION PRNewswire)
Neuberger Berman Carbon Transition & Infrastructure ETF (NYSEARCA: NBCT)
Fifty percent of global electricity is expected to be generated by renewables by 2050, representing an expected $50 trillion investment opportunity as the underlying infrastructure is revolutionized.
Accordingly, this ETF seeks to invest in companies that are focused on one or more of the following themes:
- Low-carbon resources (i.e., issuers focused on producing renewable energy, such as solar, wind, geothermal and green hydrogen, and the related storage and transport of these energies)
- Electrification (i.e., issuers that help enable the replacement of technologies that use higher carbon-emitting fuels with those that use low-carbon resources as a source of energy, including those that support smart grid and electric vehicle-charging solutions as well as electricity transmission and distribution that help expand usage of low-carbon solutions); and
- Carbon reduction solutions (i.e., issuers that directly facilitate the carbon reduction goals of infrastructure owners, including innovative raw materials, industrial gases, engineering and construction service providers, environmental services providers, and environmental technology providers).
The ETF is an extension of the firm’s thematic equity investment capabilities utilizing traditional fundamental equity research along with alternative data capabilities and consideration of material Environmental, Social and Governance (ESG) factors.
“These new ETFs, a first for our firm, deliver Neuberger Berman’s thematic equity expertise to a broad investor base,” said Joseph Amato, Chief Investment Officer and President, Neuberger Berman.
Related Story: Carbon Removal Pioneer Climeworks Raises $650M
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