AXS Investments has launched an actively managed ETF designed to invest in companies that will be part of what it calls “the rapidly unfolding and expanding sustainable global economy”.
The asset manager is partnering with Green Alpha Investments, which serves as the subadvisor to the fund, the AXS Green Alpha ETF. Green Alpha is also the subadvisor on the existing $1.4m AXS Sustainable Income Fund.
The ETF invests at least 80% of its net assets in sustainable companies, which it defines as those seeking “to mitigate global sustainability systemic risks” and those with strong growth potential. Those risks include climate change, natural resource depletion and human disease, among potential others, according to the fund’s prospectus.
Portfolio managers on the new ETF are AXS’ Parker Binion and Travis Trampe and Green Alpha’s Garvin Jabusch and Jeremy Deems.
The ETF’s expense ratio is 100 basis points.