Alternative Investments/ESG: Goldman Sachs Launches U.S. Large Cap Equity ETF Tracking The Paris Climate Agreement

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The new ETF aims to apply a level of carbon reduction goals in line with the Paris Climate Accords.

Earlier this week, Goldman Sachs Asset Management launched the Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Cap Equity ETF (GPAL). The ETF may be attractive to investors seeking equity exposure colored with responsibility towards climate change and carbon emissions in line with Paris Agreement targets. (Goldman Sachs)

Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Cap Equity ETF (GPAL)

GPAL will track the ActiveBeta Paris-Aligned U.S. Large Cap Equity Index.

The index applies the patented ActiveBeta Portfolio Construction Methodology and seeks to align with the goals of the Paris Climate Agreement to combat climate change and its effects.

The ActiveBeta Methodology assesses companies with respect to the performance metrics of good value, strong momentum, high quality, and low volatility. This gives the resulting portfolio an edge over a traditional market-cap-based benchmark.

“The launch of our Paris-aligned offering is a natural extension of our ActiveBeta suite of smart beta exchange-traded funds (ETFs),” said Armen Avanessians, Global Head and Chief Investment Officer of GSAM’s Quantitative Investment Strategies team. “This approach combines our well-established track record of managing diversified, multi-factor ETFs, with our ability to reflect many investors’ growing desire to reduce carbon emissions and more deliberately manage the transition to a low-carbon economy through our rules-based and transparent approach.”

“GPAL will provide investors U.S. equity exposure, aligned with the goals of the Paris Climate Agreement, in a competitively priced vehicle backed by the global platform and resources of Goldman Sachs,” said GSAM’s Global Head of ETFs, Michael Crinieri.

Related Story: Goldman Sachs Rolls Out Sustainable Real Estate ETF

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