A new trading fund has been launched on the New York Stock Exchange to allow investors to put their money into companies involved in reducing the environmental impact of the maritime sector, including those that develop technologies, manufacture equipment or provide services related to marine or ocean decarbonisation.
ETF Managers Group (ETFMG), an exchange-traded fund issuer, has launched the ETFMG Breakwave Sea Decarbonization Tech ETF, under the ticker BSEA. The fund is designed to provide investors access to a diversified set of global companies working to help shipping go ‘green’.
“BSEA is a key step towards capitalising on the ocean decarbonisation transition by providing investors with an easy way to track the performance of publicly-traded sector leaders backed by comprehensive research and analytics,” said John Kartsonas, Founder and Managing Partner of Breakwave Advisors.
The fund will include companies involved in cleaner propulsion, such as alternative fuels, batteries and fuel cells, as well as carbon capture technologies and offshore wind development.