This is proving to be another banner year for adoption of environmental, social and governance (ESG) exchange traded funds. Data confirm as much.
The first ESG ETF launched nearly 20 years ago and today, there are 834 globally listed ESG ETFs or exchange traded products with 2,344 listings around the world, as of the end of October. Those products have a combined $361 billion in assets under management.
“ESG ETFs and ETPs listed globally gathered net inflows of US$11.25 billion during October, bringing year-to-date net inflows to US$130.28 billion which is much higher than the US$54.91 billion gathered at this point last year,” according to ETFGI, a London-based ETF research firm.
Bottom line: Advisors and investors are expressing willingness to embrace ESG ETFs and issuers are meeting that demand with evolving and fresh product lineups. Said another way, plenty of ESG ETFs are far from old. Many are new and despite the lack of age, some are worth considering. Here are a few to evaluate.
Invesco ESG NASDAQ 100 ETF (QQMG)
The Invesco ESG NASDAQ 100 ETF certainly fits the bill as a new ESG ETF – it's just a month old. A plus for investors, particularly those new to ESG investing, is that QQMG features a straight-forward, easy-to-understand concept. Essentially, it's the ESG answer to the popular Invesco QQQ (QQQ), one of the largest ETFs in the world.
QQMG follows the Nasdaq-100 ESG Index – the ESG derivative of the widely observed Nasdaq-100 Index (NDX). As is the case...
Read Full Story: https://www.nasdaq.com/articles/3-new-esg-etfs-with-exciting-prospects
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