Global X is coming to the market with a carbon credit futures ETF, adding to roughly half a dozen US products in that category.
The Mirae company filed a prospectus December 28 2022 for the Global X Carbon Credits Strategy ETF, which would track the ICE Global Carbon Futures Index.
The ETF would invest at least 80% of its net assets, along with borrowings, in long positions of securities in the index or ones that are similar to those in the index, according to the prospectus. The index includes carbon credit futures within cap and trade systems, such as those in the UK and California.
Currently there are at least six US-domiciled ETFs that invest in the carbon credits market, according to data from ETF.com.
Portfolio managers on the forthcoming Global X ETF are Nam To, Wayne Xie, Kimberly Chan, Vanessa Yang and Sandy Lu. Fee information was not included in the prospectus filed with the Securities and Exchange Commission.
