American Century debuts two new actively managed ESG ETFs, Global X launches an ETF focused on education, and Inspire releases a biblically focused ETF within the actively managed ETF framework.

• American Century debuts two actively managed ESG ETFs.
  • The American Century Sustainable Equity ETF (ESGA) and the American Century Mid Cap Growth Impact ETF (MID) will be released as “nontransparent active” ETFs.
  • ESGA focuses on large-cap companies that demonstrate “sustainable business improvement,” and carries an expense ratio of 0.39%.
  • MID targets midcap stocks and evaluates them according to the standards of the United Nations Sustainable Development Goals and charges 0.45%.

• Global X launches an ETF focused on companies that provide education-related products and services.
  • The Global X Education ETF (EDUT) covers everything ranging from early childhood education to professional training for adults and carries an expense ratio of 0.50%.
  • EDUT tracks an index of companies that must have significant business operations in at least one of five: educational content and publishing; digital learning platforms; early childhood education; secondary, higher or professional education; and enterprise video and chat communication platforms.

• Inspire ETFs releases it first active ETF that centers on Biblical values.
  • The Inspire Tactical Balanced ESG ETF (RISN) looks to screen out companies with involvement in alcohol, gambling, tobacco, and various other “taboo” activities.
  • RISN carries an expense ratio of 0.84% and is listed on the NYSE Arca.

(Source: etf.com)