Alternative Investments/ESG: Horizons ETFs Launches Global Green Bond ETF

The ETF began trading Wednesday on the Toronto Stock Exchange.

Horizons ETF Management launched the Horizons S&P Green Bond Index ETF. It is Canada’s first ETF focused exclusively on providing exposure to a portfolio of global green bonds. Green bonds are instruments used to raise capital for environmental projects. (Yahoo Finance)

Horizons S&P Green Bond Index ETF

Green bonds made their first appearance in 2007, and since then the market has witnessed over US $1 trillion in cumulative issuances. Annual issuances of green bonds reached a new record of US$270 billion in 2020.

The Horizons S&P Green Bond Index ETF will track the S&P Green Bond U.S. Dollar Select Index, net of expenses. The index is a sub-index of the S&P Green Bond Index and is a market value-weighted index designed to measure the performance of green-labeled bonds issued globally and in U.S. dollars. These bonds are subject to stringent eligibility criteria to fund projects that have positive environmental or climate benefits. The ETF seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times.

By investing in this ETF, Canadian investors will be funding important environmental initiatives around the world. Additional benefits include generating income as well as providing much-needed portfolio diversification.

The ETF charges a management fee of 0.45% and trades on the Toronto Stock Exchange under the ticker HGGB.

Environmentally friendly initiatives

“More than ever before, governments, supranational institutions and corporations across the world are looking to fund important environmentally friendly initiatives that allow them to both improve their eco-footprint as well as ensure their operations will be in-line with the expanding rigors of environmental regulation,” said Steve Hawkins, CEO of Horizons ETFs. “HGGB’s global mandate offers access to income from those eco-conscious organizations helping to lead the charge towards a greener future.”

Related Story:  The First Inverse Bitcoin Fund From Horizons ETF Canada

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