Green Bond ETF
Goldman Sachs Asset Management (GSAM) launches the world’s first green bond ETF, aiming to track the performance of green bonds in the global G10 economies.
The green bond ETF (Goldman Sachs Global Green Bond UCITS ETF) issued this time is based on the Solactive Global Green Bond Select Index, providing investors with the option of passively allocating sustainable assets.
Related Post: Goldman Sachs Launches Impact Fund and Green Bond Fund
Introduction to Green Bond ETF
The green bond ETF launched this time is the only passively managed green bond fund in the world that meets Article 9 standards. It includes projects such as sustainable water resources management, renewable energy, biodiversity protection, green buildings, clean transportation, etc. Green bond issuance accounts for more than half of global sustainable bond issuance, and green bond ETFs provide investors with a simple, transparent, and low-cost way to enter this market.
The green bond ETF issued this time uses EUR and GBP as currency units and was listed on the British, German, Italian and Swiss exchanges in mid-February. The total expense ratio of the fund is 0.22%. The ETF includes green bonds issued by many countries and regions around the world. More than 50% of bonds are issued by government agencies, and more than 75% of them have maturities of less than ten years.
Reference:
Goldman Sachs Asset Management Launches Global Green Bond ETF
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