VanEck launches new ETF
VanEck has launched a new exchange traded fund (ETF) on the Australian Securities Exchange (ASX), the VanEck Vectors MSCI International Sustainable Equity ETF, which will provide investors with an access to a portfolio of international companies meeting sustainability criteria.
The fund would track a new benchmark index, the MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index, developed in partnership with VanEck.
The index would leverage MSCI’s global leadership in environmental, social and governance (ESG) research and screen companies on fossil fuel reserves, socially responsible activities, ESG performance and carbon emissions.
The management cost of the fund would be 0.55 per cent p.a.
AUTHOR
Oksana Patron
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