Asset manager TrueMark Investments recently added an ETF focused on renewable energy.
The TrueShares Eagle Global Renewable Energy Income ETF launched Dec. 8. The actively managed fund seeks to invest in stocks of companies involved in renewable energy, including solar, wind, biofuels, hydropower, nuclear or geothermal power, according to the prospectus.
The subadvisor, Eagle Global Advisors, uses “a fundamentally-driven investment process which includes the analysis of global macro-economic and geo-political factors, fundamental company analysis, internal valuation methods and the projected rate of return from the investment given its expected level of risk.”
The ETF, which trades on the New York Stock Exchange, has net fees of 75 basis points.
Portfolio managers are Eagle Global Advisors’ Michael Cerasoli, Alex Meier and Steven Russo.
The recently passed Inflation Reduction Act, which includes billions of dollars for clean energy investments, bodes well for the ETF, Cerasoli said in an announcement for its launch.
“Above and beyond the environmental characteristics, the next generation of renewable infrastructure companies are laying the groundwork necessary to restructure power grids and commercialize the utility of solar, wind, hydro and biomass alternatives that have more runway and tailwinds than ever before,” he said.