Avantis ventures into the municipal space, Adasina Social Capital releases a social justice ETF, and Blue Horizon Capital debuts a new energy ETF.
- Avantis ventures into the municipal ETF space.
- The Avantis Core Municipal Fixed Income ETF (AVMU) is actively managed utilizing a quantitative approach.
- AVMU targets a weighted average duration within two years of its benchmark, the S&P National AMT-Free Municipal Bond Index.
- AVMU charges an expense ratio of 0.15%.
- New Issuer Adasina Social Capital launches a social justice ETF.
- The Adasina Social Justice All Cap Global ETF (JSTC) is actively managed but is guided by an index in its investment practices.
- JSTC related index focuses on racial, gender, economic, and climate justice while using traditional ESG metrics as well.
- JSTC comes with a 0.89% expense ratio.
- Blue Horizon debuts an ETF focused on the new energy economy.
- The Blue Horizon BNE ETF (BNE) looks to invest in companies in electric vehicles, new energy consuming applications, energy storage, performance materials, energy distribution, and energy generation.
- The index tracks 100 securities from five segments and 25 subsegments, and it equal weights them on a semiannual rebalancing schedule.
- BNE comes with an expense ratio of 0.87%.
(Source: etf.com)
