Alternative Investments/ESG: TrueMark And Eagle Global Launch ETF Focused On Renewable Energy Infrastructure
The TrueShares Eagle Global Renewable Energy Income ETF (NYSE Arca: RNWZ) began trading on the New York Stock Exchange on Friday.
TrueMark Investments and Eagle Global Advisors have launched the TrueShares Eagle Global Renewable Energy Income ETF (NYSEARCA: RNWZ), an actively managed ETF designed to offer investors core renewables exposure and stable income by investing in renewables infrastructure companies. (ETF Trends)
TrueShares Eagle Global Renewable Energy Income ETF (NYSEARCA: RNWZ)
The new ETF has an expense ratio of 0.75%.
Its portfolio currently comprises 25–30 owners and operators of renewable infrastructure. Target portfolio companies primarily own and operate renewable energy facilities such as wind farms and solar fields, energy storage, and electric transmission assets.
They are providing value through accelerating the global transition to clean energy.
These assets tend to generate stable cash flow streams derived from long-term contracts with governments, utilities, and corporations.
Michael Cerasoli, portfolio manager of RNWZ at Eagle Global, said in a news release that the fund “is a great vehicle for investors to gain access to the global megatrend created by declining renewables costs and global efforts at decarbonization.”
“Above and beyond the environmental characteristics, the next generation of renewable infrastructure companies are laying the groundwork necessary to restructure power grids and commercialize the utility of solar, wind, hydro, and biomass alternatives that have more runway and tailwinds than ever before,” Cerasoli added.
TrueMark Investments CEO Michael Loukas said: “Given the ongoing tailwinds in the renewable energy infrastructure industry, their wealth of experience in the sector gives us confidence that RNWZ is in capable hands. From an investment perspective, we believe that this concentrated portfolio has the potential to produce a steady current income stream coupled with the possibility of meaningful future upside.”
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