Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:An $82B-AUM Firm Adds an ETF For the Low-Carbon Shift Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, November 11, 2021

An $82B-AUM Firm Adds an ETF For the Low-Carbon Shift

Reported by Neil Anderson, Managing Editor

An $82.2-billion-AUM (as of October 31) firm in New York City is launching an ETF to bet on a specific piece of the transition to a low carbon economy.

Peter Liao
VanEck
Portfolio Manager, Head of Equity ETFs
Today, Brandon Rakszawski, senior ETF product manager with VanEck profile], unveils the VanEck Green Metals ETF (GMET on the NYSE Arca). The idea is to invest in companies that process, produce, recycle, and/or refine "green metals," i.e. metals (like copper, lithium, manganese, and zinc) that are critical to various pieces of technology that plays a role in lower carbon energy generation and use. The ETF debuted on Tuesday and comes with an expense ratio of 59 basis points.

Peter Liao and Jason Jin PM the passive fund, which tracks the MVIS Global Clean-Tech Metals Index, provider by VanEck's own MVIS. Van Eck Associates Corporation serves as the new ETF's administrator and investment advisor, and Van Eck Securities Corporation serves as its distributor.

Rakzsawski describes the new fund as "a powerful tool for investors looking to add global exposure to the leading and emerging companies driving the supply of green metals."

The new ETF's other service providers include: Dechert LLP as counsel; Ernst & Young LLP as independent accounting firm; and State Street Bank and Trust Company as custodian, fund accountant, securities lending agent, and transfer agent. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2022: Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use