Investors continue to pour money into Environmental, Social and Governance (ESG) funds at record level. Year-to-date, close to $150 billion in flows have entered the ESG ETF space, lifting the total assets under management of these funds to a new record high of $400 billion.
Providers added more than 300 ESG ETFs to their arsenal this year, bringing the total number to 1,062. Recent additions in November include Invesco Nasdaq-100 ESG UCITS ETF, Invesco ESG S&P 500 Equal Weight ETF, Schwab Ariel ESG ETF, Global X CleanTech UCITS ETF and CIBC Clean Energy ETF.
Invesco NASDAQ-100 ESG UCITS ETF (NESG) is Europe?s first Nasdaq 100 ETF with environmental, social and governance metrics. NESG is listed on the London Stock Exchange and charges an annual fee of 0.25%.
The Global X CleanTech UCITS ETF (CTEK) is one of 7 Thematic ETFs Global X recently launched in Europe. The fund invests in companies involved in renewable energy production, energy storage, smart grid implementation, residential/commercial energy efficiency, and/or the production and provision of pollution-reducing products and solutions. The fund has an expense ratio of 0.5% and trades on the London Stock Exchange, Borsa Italiana and Deutsche Börse Xetra.
Schwab also launched the Schwab Ariel ESG ETF (SAEF), its first ESG ETF and first actively managed ETF on the New York Stock Exchange. SAEF is semi-transparent and invests in small- and mid-cap stocks screened based on ESGmetrics. The fund is sub-advised by Ariel Investments and has an expense ratio of 0.59%.
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