Alternative Investments/ESG: Two New ESG-Focused ETFs From OneAscent
The actively managed OneAscent ETFs target companies that have a positive impact on society.
OneAscent promotes investments that make a positive impact and bless humanity through values-based investing. The asset manager has launched the OneAscent International Equity ETF (OAIM US) and OneAscent Emerging Markets ETF (OAEM US), both listed on NYSE Arca, and coming to market with $50 million and $20m in initial assets, respectively. The funds target companies making a positive impact on society. (ETF Strategy)
OAIM invests in large and mid-cap companies from the global ex-US equity markets and has an expense ratio of 1.29%.
OAEM invests in large and mid-cap stocks in emerging markets. However, the remit in both cases is that the companies provide goods or services that advance the flourishing of society. The fund has an expense ratio of 2.12%.
The investment managers first applies extensive fundamental analysis to dive deep into a company’s business model, stakeholder policies, and overall community impact. It excludes companies that run counter to OneAscent’s values such as those engaging in abortions, addictive products, predatory lending, human rights violations, and having a record of ethical controversies.
Then the fund, using its Elevate screening methodology, selects companies that advance the flourishing of their stakeholders, and typically having the following characteristics:
- Addressing unmet and under-served needs in the marketplace.
- Providing purposeful vocations and add meaning to work.
- Fostering vibrant communities.
- Embracing a partnership and a spirit of collaboration.
- Cultivating our natural resources.
- Enhancing our well-being and corporate human experience.
Furthermore, using its Life Cycle methodology, the managers utilize a combination of quantitative analysis and fundamental, “bottom-up” research to identify companies that have the ability to generate sustainable returns on investment.
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