Alternative Investments/ESG: Deff & Phelps Launch Active Clean Energy ETF
The ETF invests in global sustainable companies.
Duff & Phelps Investment Management Co. and Virtus ETF Solutions launched Wednesday the Virtus Duff & Phelps Clean Energy ETF (NYSE: VCLN). The actively-managed ETF seeks returns by investing globally in a portfolio of clean, renewable, and sustainable companies and technologies that will power the energy needs of the future. (CISION PRNewswire)
Virtus Investment Partners
Duff & Phelps Investment Management Co. and Virtus ETF Solutions are both affiliates of Virtus Investment Partners, Inc. (NASDAQ: VRTS).
Virtus Investment Partners (NASDAQ: VRTS) is a partnership of boutique investment managers, focused on the long-term success of individual and institutional investors. According to the firm’s Q1 2021 overview, it had AUM of $168.9 billion managed in a multi-boutique structure.
Duff & Phelps managed $11.4 billion of assets as of June 30, 2021.
Virtus Duff & Phelps Clean Energy ETF (NYSE: VCLN)
The actively managed ETF is built for transformation. It will seek out investment opportunities among clean energy producers, clean energy technology and equipment providers, and clean energy transmission and distribution companies where innovation is most commercially proven.
“Investors may benefit from the long-term secular growth of clean energy demand and the projected build-out of renewable energy generation across the utility, industrial, technology, and energy sectors,” says the webpage of the fund.
“As society moves towards a more sustainable future, the energy and power sectors are beginning a major shift and VCLN can help investors benefit from this long-term capital replacement cycle,” said David Grumhaus, Jr., president and chief investment officer of Duff & Phelps.
“Duff & Phelps’ rigorous investment process around energy infrastructure and clean energy makes VCLN a compelling, thematic equity strategy for the Virtus ETF suite,” said William Smalley, executive managing director of Virtus ETF Solutions.
The fund charges a net TER of 0.59%.
Related Story: Direxion Launches 2X Leveraged Clean Energy ETF
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