$摩根大通 (JPM.US)$'s asset management arm launched its first actively managed exchange-traded fund that approaches investing in companies fighting climate change.
The
$JPMORGAN CLIMATE CHANGE SOLUTIONS ETF (TEMP.US)$ invests in companies that are poised to benefit from growing demand for climate change solutions. This includes companies that are producing less carbon-intensive energy such as wind or solar power; improving the electric grid; investing in less carbon-intensive forms of agriculture, construction, or transportation; or developing technologies to reduce waste.
While nearly all sustainable U.S. ETF assets are managed through passive indices, this fund takes an active approach to finding companies that are developing solutions to address climate change.
We believe that active management provides a great pathway to achieving clients' sustainability goals, and TEMP is the first in the series of sustainable, thematic, active strategies we are building to address client demand in this area."
--- George Gatch, Chief Executive Officer, J.P. Morgan Asset Management, comments.
TEMP will use JPM assets managment's proprietary natural language processing tool, ThemeBot, to review nearly 13,000 stocks globally, rapidly analyzing tens of millions of data sources. ThemeBot will seek to identify companies globally that are developing tangible solutions to address climate change, to create a universe of potential investments for the fund. At launch, the fund have 75 holdings of stock.
Top 10 Holdings of TEMP
Investors we talk to are increasingly looking for investment products that will provide meaningful investment opportunities across a range of industries and geographies.”
--- Bryon Lake, global head of ETF solutions at JPMorgan Asset Management, said in a statement.
TEMP joins
$JPMORGAN CARBON TRANSITION U.S. EQUITY ETF (JCTR.US)$ as a sustainable focused ETF. JCTR offers core exposure to U.S. equities and seeks to capture benefits from the transition to a lower-carbon economy.
That beats TEMP's nearest competitor, the
$GOLDMAN SACHS FUTURE PLANET EQUITY ETF (GSFP.US)$ on both price and performance. GSFP, which is actively managed and identifies nearly the same set of investment themes as TEMP, has fluctuated since its launch in mid-July.
Source: PR Newswires, Bloomberg
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