WisdomTree has launched an Article 9-classified global sustainable equity ETF partnership with Irish Life Investment Managers.
The WisdomTree Global Sustainable Equity UCITS ETF will track the price and yield performance, before fees and expenses, of the Solactive WisdomTree Global Sustainable Equity UCITS index.
The index uses the UN Sustainable Development Goals framework to invest in developed market companies with products and services that aim to tackle climate change and social inequalities, promote a circular economy and help protect natural capital.
Negative externalities are avoided through ‘Do No Significant Harm’ and ‘Good Governance’ screens, while excluding investments into controversial business activities.
The WisdomTree strategy aims to limit deviation from a global developed markets equity benchmark, which provides a sustainable alternative for core equity allocations, the statement said.
Alexis Marinof, head of Europe at WisdomTree said: “The new Article 9 ETF provides a differentiated approach to global developed market equities by integrating 11 of the 17 SDGs in the investment process.”
Nicholas MacShane, head of European partnerships at ILIM, said: “Leveraging our expertise in indexation, quantitative research and responsible investing, this collaboration with WisdomTree builds on our reputation for creating customised solutions that help clients meet their sustainability goals.”
The ETF is to list on the London Stock Exchange on 12 June and has a total expense ratio (TER) of 0.29%.
