ETF provider Rize ETF has announced two ETFs under the SFDR Article 9 classification.
The Rize Global Infrastructure UCITS ETF (NFRA) and the Rize USA Environmental Impact UCITS ETF (LUSA) are listed on the London Stock Exchange (LSE) and the Frankfurt Stock Exchange (Xetra), with a future listing planned for the SIX Swiss Exchange.
The Rize Global Infrastructure UCITS ETF (NFRA) is Europe's first such ETF, targeting companies committed to sustainable global infrastructure.
These firms, while maintaining infrastructure in developed economies, are innovating in emerging markets for a greener future, said Rize ETF. NFRA adopts the Rize Future First ESG policy, avoiding fossil fuel infrastructure, and incorporates a sustainability contribution adjustment framework in tandem with sustainable market strategies.
Rahul Bhushan, co-founder and director, Rize ETF, said, “The Rize Global Infrastructure UCITS ETF (NFRA) enables traditional ETF investors to access global infrastructure in a way that balances economic, environmental and social objectives. It enables thematic ETF investors to access a theme with both a low volatility screen and a quality screen to help diversify otherwise growth-heavy portfolios."
The Rize USA Environmental Impact UCITS ETF (LUSA) is the first in Europe to focus on US companies meeting the EU Taxonomy's environmental objectives.
LUSA uses a classification co-developed with sustainable market strategies, covering areas such as renewables, energy efficiency and the transition to a circular economy.
Stuart Forbes, co-dounder and director, Rize ETF, commented: "With the remarkable momentum currently driving the green transition in the US, evident through significant legislative bills like the Energy Act, infrastructure Investment and Jobs Act, CHIPS and Science Act and the Inflation Reduction Act, LUSA stands as the ideal choice to seize the multitude of investment opportunities emerging in this sector.”
Both ETFs have an OCF of 0.45% and aim to match their respective Foxberry SMS indices before fees.
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