GSAM launches Future Planet Equity ETF

Goldman Sachs Asset Management has announced the launch of the Goldman Sachs Future Planet Equity ETF.

GSAM says the fund intends to invest in companies that seek to provide solutions to environmental problems aligned with five key themes: clean energy, resource efficiency, sustainable consumption, the circular economy and water sustainability. It is not an index fund and does not seek to replicate the performance of a specified index.

“Rapid change is disrupting the status quo across industries and around the world. We believe we are on the cusp of a sustainability revolution that could have the scale of the industrial revolution and the speed of the digital revolution. In our view, this may give rise to a unique wealth creation opportunity for investors over the next decade,” said Katie Koch, co-head of the Fundamental Equity business within Goldman Sachs Asset Management. “The Fund will invest in companies that are on the right side of the climate transition and have a positive impact on our future planet.”