Columbia Threadneedle Investments has expanded its suite of exchange traded funds to include three smart-beta, index-based options that target global companies that adhere to socially responsible practices with the financial stability to support and grow future dividends.
The three new ETFs include the Columbia Sustainable U.S. Equity Income ETF (NYSEArca: ESGS), Columbia Sustainable International Equity Income ETF (NYSEArca: ESGN) and Columbia Sustainable Global Equity Income ETF (NYSEArca: ESGW). ESGS has a 0.35% expense ratio, ESGN has a 0.45% expense ratio and ESGW has a 0.40% expense ratio.
The new Columbia Beta Advantage products provide exposure to companies that may offer sustainable levels of income as well as total return opportunity. Specifically, the underlying indices will screen for companies based on dividend yield, dividend growth and cash flow factors, which could help target those with the ability to support dividend growth.
Moreover, the benchmarks include a “sustainable” focus, or companies that adhere to environmental, social and governance (ESG) practices.[related_stories]