Invesco Lists Canadian ESG ETF
October 08 2020 - 12:50PM
Dow Jones News
By Dieter Holger
Invesco Ltd. launched a Canadian exchange-traded fund based on
environmental, social and governance standards invested in
companies in the country.
The Atlanta, Ga.-based investment manager said Thursday that the
new Invesco S&P/TSX Composite ESG Index ETF, trading under the
ticker symbol ESGC on the Toronto Stock Exchange, tracks the
S&P/TSX Composite ESG Index from S&P Global Inc., which
holds 95 Canadian companies and screens out stocks from the parent
benchmark that don't meet certain sustainability criteria.
Top holdings include Shopify Inc., Royal Bank of Canada,
Canadian National Railway Co. and Enbridge Inc. It charges a
management fee of 0.15%, or $15 for every $10,000 invested a
year.
The ETF screens out the bottom quarter of the parent index by
industry based on their ESG scores. It also excludes companies that
generate more than 5% of their revenues from coal, are involved in
tobacco and controversial weapons like landmines and nuclear, and
those that score in the bottom 5% of the United Nations Global
Compact.
In March, Invesco listed an ETF on the Toronto Stock Exchange,
trading under the symbol ESG, which invests in the S&P 500 ESG
Index.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
October 08, 2020 12:35 ET (16:35 GMT)
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