Alternative Investments/ESG: AuAg Funds Launches ESG-Screened Gold Mining ETF
The AuAg ESG Gold Mining UCITS ETF (ESGO) will list on the London Stock Exchange.
Sweden-based AuAg Funds, a boutique brand with a focus on precious metals & green-tech elements, and white-label ETF platform HANetf have come together to launch Europe’s first ESG-focused gold mining ETF. The AuAg ESG Gold Mining UCITS ETF (ESGO) provides investors exposure to a basket of 25 ESG-screened gold miners. (ETF Express)
AuAg ESG Gold Mining UCITS ETF (ESGO)
The ETF tracks the Solactive AuAg Gold Mining Index comprising the 25 best-in-class ESG risk companies in the gold mining sector.
Furthermore, it is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR).
The equal-weighted fund gives an allocation of 4% to each miner holding.
The total expense ratio of the fund is 0.60%.
Eric Strand, CEO and founder, says: “Mining is an industry that has seen vast improvements in all aspects of ESG, but standards vary across regions and companies. ESGO helps investors get exposure towards gold mining companies with the best ESG credentials and invest in the sector more responsibly.”
Strand added: “Launching the AuAg ESG Gold Mining UCITS ETF (ESGO) is the next major step for us. We already have two daily-traded UCITS funds in AuAg Silver Bullet and AuAg Precious Green, both with a focus on precious metals and green-tech elements. Now we’ve designed an unique index and added our first Exchange Traded Fund to the family.”
“There is a strong investment story to tell when investing in ESG friendly gold miners which is a growth sector partly due to monetary inflation and the green transformation,” said Hector McNeil, co-Founder and co-CEO at HANetf.
Image Credit: Wikimedia Commons
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