Alternative Investments/Real Estate: Global X Launches Green Building ETF

https://dailyalts.com/wp-content/uploads/2022/04/architecture-2475712_640.jpg

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

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…