ESG & Investing
Robo Adviser Touting Green-Only 401ks Is Latest ESG ETF Entrant
- Carbon Collective ETF eyes stocks focused on climate solutions
- ESG ETF category is ‘getting very crowded’: BI’s Balchunas
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An online investment adviser that creates climate-focused 401ks is the latest entrant to throw its hat into the ring of ESG exchange-traded funds.
The Carbon Collective Climate Solutions U.S. Equity ETF is set to begin trading under the ticker “CCSO” Tuesday. The actively-managed fund will track about 200 US companies across the market capitalization spectrum that are actively looking to solve the climate change crisis through avenues like green utilities, plant-based diets, and carbon capture, according to a regulatory filing. At least half of each companies’ revenue must come from climate solutions.