Fund Product Update

Global X launches carbon, uranium ETFs

The latest exchange-traded fund (ETF) to be launched by Global X is the Global X Global Carbon ETF, tracking the ICE Global Carbon Futures Index. The fund provides access to the world’s largest carbon markets, including the European Union Emissions Trading Scheme, Regional Greenhouse Gas Initiative, Western Climate Initiative, and the UK Emissions Trading Scheme.

The Global X Uranium ETF (ATOM) will provide access to the uranium and nuclear power sector, tracking the Solactive Global Uranium and Nuclear Components Returns Index. The companies invested in include those mining uranium and involved in nuclear components production, such as extraction, refining, exploration or manufacturing equipment for uranium and nuclear industries.

JP Morgan launch sustainable infrastructure ETF

The JP Morgan Sustainable Infrastructure Active ETF has been launched on the ASX. The fund consists of around 80 per cent equity securities assets in companies with a sustainable infrastructure theme. The fund is a high-conviction portfolio, with sub-themes of environmental resilience, social infrastructure and improved connectivity, with no geographical limits. The fund is being managed by Sara Bellenda, Victor Li and Fred Barasi.

Another addition is the JP Morgan Climate Change Solutions Active ETF which invests in companies that will benefit from the demand for climate change solutions, such as wind or solar power and lower-carbon agriculture.

VanEck launches gold bullion ETF

VanEck has listed a gold bullion ETF (NUGG) on the ASX, backed by physical gold bullion from Australian producers. Investors can convert the ETF into real gold at The Perth Mint.

Vanguard Super lifecycle option launched

The Vanguard Super SaveSmart has been launched, with the product being a lifecycle superannuation fund offering. The fund has a MySuper default option alongside index-based diversified options and some single-sector options with 36 cohorts. When a member hits age 47, the lifecycle option wills tar tot reduce the asset allocation to growth assets annually at each birthday for the following 36 years. More variations on updates may be added in future, including gender or type of work.