Alternative Investments/Real Estate: Global X Launches Green Building ETF
The new ETF is Global X’s latest addition to its Thematic Growth family.
Global X has launched a new Green Building ETF that will allow investors exposure to the theme of rising global demand for environmentally-friendly buildings. With buildings responsible for up to 38% of energy-related carbon emissions globally and 50% of all extracted materials, green buildings are key to reducing building-related emissions and improving urban resiliency in the face of climate change. (CISION PR Newswire)
The ETF is a part of the Global X Thematic Growth family which focuses on long-term, paradigm-shifting themes, comprises 35 ETFs, and has more than $19 billion in AUM.
Global X Green Building ETF (GRNR)
The new ETF will track the Global X Green Building ETF (GRNR) and has an expense ratio of 0.45%. It will look for exposure to companies that will ride the demand for buildings that reduce or eliminate negative impacts, and/or create positive impacts, on the natural environment, including green building development, green building management and green building technologies & materials.
“The green building sector represents a multi trillion-dollar opportunity designed to meet the rapidly increasing demand for buildings while reducing greenhouse gas emissions and boosting climate resiliency,” said Pedro Palandrani, Director of Research, in a statement. “We expect green buildings to continue to gain market share due to increasing demand for sustainable solutions and new regulations, and I’m thrilled that Global X is leveraging its thematic expertise to seek to provide investors with access to companies involved in several business activities related to green building.”
Related Story: The First “Green Building” ETF From Invesco Will List Today
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