ETF Securities’ fund included in ESG framework
Index developer and research company ROBO Global has included ETF Securities’ ETFS ROBO Global Robotics and Automation ETF into the environmental, social, governance (ESG) framework for its indices.
ROBO Global said it would exclude companies from its indices if it believed they do significant harm to environmental, social and governance objectives.
For example, companies would be excluded if there was an unacceptable risk that the company may contribute to or be responsible for serious human rights violations, severe environmental damage or other particularly serious violations of fundamental ethical norms, the firm said.
Other exclusions included weapons, alcohol, gambling and pornography, fossil fuels and animal testing.
The ROBO ETF offered investors exposure to the investment themes of robotics, automation and artificial intelligence.
ETF Securities head of distribution, Kanish Chugh, said: “ESG standards are evolving and our index provider ROBO Global has a strong commitment to review the latest research and adapt to changing standards. We support this approach by our index partner.”
ROBO Global was a signatory to the United Nations-supported Principles for Responsible Investing since 2017 and incorporated these principles into its ESG framework.
In addition, it conformed to ESG disclosure requirements set out by the European Union’s Commission on Delegated Regulation.
AUTHOR
Oksana Patron
Recommended for you
Bfinance Australia has shared five questions to ask when considering a semi-liquid private equity fund as their assets under management reach US$30 billion.
GQG Partners has announced its funds under management for February, but reported lower net flows during the month.
The days of “lunch and a handshake” are long gone for alternative fund managers, Bain & Company has said, as a slick sales organisation is needed if they are to benefit from the huge source of capital in private investors.
Ares Management is the latest fund manager to enact alternatives M&A, completing the acquisition of the international business of GLP Capital Partners to create a firm with US$525 billion in assets under management.
