Touchstone Investments is preparing its fifth ETF, a product that would seek to invest in companies benefitting from “a transitioning climate environment.”
The company filed an initial prospectus Jan. 5 for the Touchstone Climate Transition ETF. The fund would seek out equity securities that the fund’s subadvisor, Lombard Odier Asset Management, sees as “leading the development of solutions for a net-zero carbon emissions and climate-resilient economy, and/or may benefit from a transition to a carbon-constrained world and adaptation to a carbon-damaged world”. That includes companies seen as solutions providers, transition leaders and those providing “adaptation opportunities,” according to the filing.
Lombard Odier’s Paul Udall is listed as portfolio manager for the forthcoming ETF, while Peter Burke-Smith would be assistant portfolio manager.
Touchstone Investments has several existing ETFs, none of which appear to have a climate related or ESG focus. However, two of the firm’s mutual funds do — the Non-US ESG Equity Fund and the International ESG Equity Fund.
The forthcoming ETF is actively managed and would be listed on the Chicago Board Options Exchange. It has net expenses of 69 basis points.
This story was originally published on ESG Clarity.
IRAs now hold nearly twice the assets of 401(k) plans — and most of that money didn't arrive through annual contributions.
A new survey finds that many women prioritize financial security but continue to leave savings in accounts that may not keep pace with inflation.
Roundhill, Bitwise and GraniteShares funds remain on hold while the agency weighs how novel ETFs should be regulated.
"Shares of alternative assets managers have lagged this year as investors grow wary of private-credit exposure."
The fintech platform is touting a new AI-free Planning Observations feature, which draws on IRS tax records to uncover opportunities for advisors.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
