ETF Trends publisher Tom Lydon discussed the VanEck Vectors Green Bond ETF (GRNB) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.
GRNB is a socially responsible bond ETF investment that provides a real impact on the world.
The issuer of the bond must indicate the bond’s “green” label and the rationale behind it, such as the intended use of proceeds
As an additional filter, the bond must be designated “green” by Climate Bonds Initiative, an international not-for profit working to mobilize the bond market for climate change solutions.
Its country weights are France 24.3%, supra-national 20.6%, Germany 12.7%, US 10.1%, China 9.9%, Netherlands 6.6%, UK 2.7%, Spain 2.2%, Italy 2.1%, Brazil 2.0%, and Mexico 2.0%.
Sectors are allocated government 37.3%, financial 30.%, utilities 20.8%, industrial 5.8%, consumer non cyclical 2.0%, basic materials 2.0%, and tech 2.0%.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.