Alternative Investments/ESG: AXS Investments Launches A “Next Economy” Focused ETF
The Next Economy™ is an economy driven by companies developing innovative solutions to major systemic risks, like the climate crisis, resource degradation, widening inequality and human disease burden.
AXS Investments and Green Alpha Investments have partnered to launch the AXS Green Alpha ETF (NXTE) which will invest in the latter’s trademarked Next Economy™ philosophy and investment strategies, identifying companies poised to be leaders in the rapidly unfolding and expanding sustainable global economy, while possessing growth potential at attractive valuations. (CISION PR Newswire)
AXS Green Alpha ETF (NYSE: NXTE)
AXS Green Alpha ETF (NXTE) is an actively managed portfolio seeking long-term capital appreciation. It’s for the discerning, socially responsible investor looking for sustainability and the potential for above-average alpha. It has the following benefits for investors:
· Invests in equities of Next Economy™ companies that meet sustainability criteria for advancing economic productivity gains, renewable energies, waste-to-value supply chains and equitable distribution of wealth.
· Can invest in any geography, sector or size provided the company has solid fundamentals, attractive valuations and competitive advantages.
· Managed by Green Alpha Investments, an asset manager with a long history in environmentally progressive investing. The team introduced their “Next Economy” concept in 2008.
The ETF has a total annual operating expense of 1% and a management fee of 1%.
“Given the important diversifying benefits this strategy can add to investment portfolios, combined with Green Alpha’s decades-long expertise in this area, we are thrilled to bring this Next Economy ETF to the broader investing public,” said Greg Bassuk, CEO of AXS Investments.
AXS Investments is an alternative investment manager providing a diversified family of alternative and sustainable investments for growth, income and diversification. The firm empowers investors to diversify their portfolios with investments previously available only to the largest institutional and high net worth investors.
Related Story: AXS Investments Launches Leveraged Innovation ETF
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