ETFMG launched on September 20 a Green” tech fund called the ETFMG Breakwave Sea Decarbonization Tech ETF or BSEA. The fund will invest in global companies providing innovation in technologies, equipment and services related to marine or ocean decarbonization.
Breakwave Advisors, the godfather of its sibling and best year-to-date performing ETF, the Breakwave Dry Bulk Shipping ETF (BDRY, +275%), will help manage the underlying Marine Money Decarbonization index (MMDI).
As of inception, the top 5 (out of 51) holdings include Aker Horizons ASA (4.11%), Kongsberg Gruppen (4.05%), ITM Power (3.87%), Vestas Wind System (3.87%) and Siemens Energy AG (3.81%). BSEA will have an expense ratio of 0.75% and will trade on the New York Stock Exchange (NYSE).
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