Alternative Investments/ESG: NTZO, A New Climate ETF From Impact Shares, Will Donate Fees To A UN Fund

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Impact and the UNCDF collaborate on this new climate ETF.

Rockefeller Foundation backed, non-profit ETF sponsor Impact Shares has launched the Impact Shares MSCI Global Climate Select ETF (NYSEArca: NTZO) in collaboration with the United Nations Capital Development Fund (UNCDF).

The launch of NTZO was announced November 3 in Glasgow at the UN Climate Change Conference (COP26) and began trading on the New York Stock Exchange the same day. (Yahoo Finance)

Impact Shares MSCI Global Climate Select ETF (NYSEArca: NTZO)

NTZO aims to maximize exposure to companies that can potentially benefit from opportunities arising from the transition to a lower-carbon economy.

It also will increase exposure to companies that are setting science-based emission reduction targets or commit to reduction targets and have a track record of decarbonizing at a rate of 7%.

The ETF tracks the performance of the MSCI ACWI Climate Pathway Select Index. The Index is constructed from the MSCI ACWI Index by excluding securities based on certain ESG and Climate Change related criteria, followed by an optimization-based approach.

“With this climate ETF aimed at tackling SDG 13, we have created a real opportunity for investors to finance greater good,” said Investec CEO Fani Titi, a member of GISD, a group of 30 of the world’s top business leaders, to arrive at solutions that scale up private finance and investment necessary to achieve the UN Sustainable Development Goals (SDGs).

“It is exciting to see our work with the United Nations and other partners to develop standards and tools to mobilize investment in sustainable development paying off in this investment product.”

Impact Shares will donate the net management fee on NTZO to UNCDF to build climate resilience and adaptation in the LDCs, the world’s 46 Least Developed Countries.

Related Story: Four New Climate-Focused ESG ETFs From FlexShares

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