Vaneck GRNV ETF (ASX:GRNV)
For a diversified portfolio of sustainable Australian companies, the VanEck GRNV ETF may be of interest. This ETF focuses on Australian companies that have high environmental, social and governance (ESG) performance, based on MSCI ESG Research. GRNV has been certified by the Responsible Investment Association Australasia (RIAA), as part of the Responsible Investment Certification Program.
What does the GRNV invest in?
GRNV focuses on investing in Australian companies with high ESG ratings and avoiding companies that are not socially responsible. You could buy all of these companies yourself using a share brokerage account, but that would be a very expensive and time-consuming process.
What do investors use GRNV for?
The GRNV ETF could be used by an investor looking to invest in socially responsible Australian companies, and exclude companies that own any fossil fuel reserves or derive revenue from mining thermal coal or from oil and gas-related activities. These companies are likely to grow their profit over time and pay regular tax-effective dividends to their shareholders.
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