Green Energy

USA

ALPS lists green energy ETF

Denver-based DST Systems-owned ALPS ETF Trust is listing a new fund that targets green energy. The ALPS Clean Energy ETF (ACES) will track an index made of US and Canadian companies “involved in the clean energy sector including renewables and clean technology,” the prospectus says. The index will be built by the Atlantic Trust Company.

 

The fund defines the “clean energy sector” as companies as deriving the majority of their revenue from the following:

 

(i)             renewable energy sources, including solar power, wind power, hydroelectricity, geothermal energy, biomass, biofuels, and tidal/wave energy;

(ii)            clean technologies, including electric vehicles, energy storage, lithium, fuel cell, LED, smart grid, and energy efficiency technologies;

(iii)          other emerging clean energy activities and technologies.

 

To be included in the index, companies must have a market cap of $100 million and meet liquidity requirements. Selected companies are weighted by market cap, with the weight of the largest stock capped at 5%. As of May 2018, the index consisted of 32 companies. The index is rebalanced quarterly.

 

Taiwain

Shin Kong Group lists dividends ETF

Shin Kong group, one of the largest Taiwanese business conglomerates, is listing a new dividends ETF, the Shin Kong Domestic Demand High Dividend ETF (00742). 00742 will track the performance of TIP Customized Domestic Demand High Yield Price Index, and join Taiwan’s fast-growing ranks of smart beta ETFs.

 

London and Germany

Invesco lists CoCo ETF

Invesco is rolling out a fund that guns after European CoCos. The Invesco AT1 Capital Bond UCITS ETF (AT1, XAT1) will track the iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8/5% Issuer Cap) Index less fees, expenses and transaction costs.