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Guinness Atkinson launches SmartETFs Sustainable Energy II ETF
By Taylor Fox
New York, Nov. 12 – Guinness Atkinson Asset Management launched the SmartETFs Sustainable Energy II ETF and SmartETFs.com/SULR, an actively managed global investment strategy designed to provide investors with dedicated exposure to the companies facilitating the world’s transition to sustainable energy, according to a news release.
The actively managed ETF will closely replicate the Guinness Atkinson Alternative Energy fund, launched in 2006.
The principle investment objective of the SULR is long-term capital appreciation through investment primarily in equity securities of the companies that provide or support alternative or renewable sources of energy. SULR has a global mandate and holds around 30 equally-weighted equity positions.
The SmartETFs Sustainable Energy II ETF will provide investors with broad-based exposure to renewable energy themes, which may include investments in companies that develop or deliver related technologies that produce, generate, transport, deliver or extend energy applications in a way that makes alternative or renewable energy more efficient and accessible.
The ETF expects to invest in energy companies that generate power through solar, wind, hydroelectric, tidal wave, geothermal, biomass or biofuels and in companies that provide the equipment and technologies that enable these sources to be tapped, used, stored or transported.
The SmartETFs Sustainable Energy II ETF will be managed by a team of portfolio managers who also manage the Guinness Atkinson Alternative Energy fund.
Guinness Atkinson is an investment adviser based in Woodland Hills, Calif.
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