Alternative Investments/ESG: Canada’s Purpose Investments Unveils Growth-Oriented Climate ETF
The ETF will invest in diverse sectors with an emphasis on sustainable investing.
Purpose Investments Inc announced Tuesday the launch of the Purpose Global Climate Opportunities Fund, a growth-focused, actively-managed climate ETF that will invest in companies benefiting from the reduction of greenhouse gas emissions and carbon neutrality. (Intrado GlobeNewswire)
Purpose Global Climate Opportunities Fund
Investors can hope to generate long-term capital growth through the selection, management, and trading of global positions in equity, debt, and derivative securities.
The fund will invest in small, medium, and large-capitalization companies with an emphasis on industries, sub-sectors, and businesses that are best positioned to benefit from the fight against climate change.
Investible sectors include natural resources, electricity generation, utilities, and industrials.
“The fight against climate change is one of the largest coordinated human undertakings in history, and will leave no industry untouched,” said Som Seif, founder and CEO of Purpose. “There will be winners and losers as businesses race to adapt and innovate. The goal of this fund is to find those companies that are innovating and best positioned to win from the opportunities this shift will drive.”
It’s not just ESG
The Purpose Global Climate Opportunities Fund does not just stop at filtering ESG data for its investments, although it emphasizes sustainable investing.
“As with all our funds, ESG is a meaningful consideration, but not the only consideration,” said Purpose Chief Investment Officer, Greg Taylor. “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.”
Taylor, associate portfolio manager Jeremy Lin, and investment analyst Nicholas Mersch will manage the fund.
It has a management fee of 0.75%.
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