 The
Columbia Sustainable International ETF (ESGN) is an exchange-traded
fund that seeks to track the performance of the Beta Advantage
Sustainable Developed ex-US Index. The fund aims to provide exposure
to international equity securities of companies with strong ESG
(environmental, social, and governance) characteristics.
ESGN's
underlying index employs a rules-based methodology that uses MSCI ESG
ratings to evaluate companies on their environmental, social, and
governance performance. The index then selects the top 50% of
securities within each sector that meet certain liquidity and ESG
requirements. The result is a portfolio of around 400 to 600 stocks
from developed markets outside the United States.
The fund's
expense ratio is 0.20%, which is relatively low compared to similar
ESG-focused ETFs. As of March 23, 2023, the fund had total net assets
of around $1.5 billion.
ESGN provides investors with a way to
invest in companies with strong ESG characteristics in developed
markets outside the United States. The fund's focus on sustainability
may appeal to investors who prioritize environmental, social, and
governance factors in their investment decisions. However, as with all
investments, there are risks to consider, including the potential for
market volatility and the possibility of loss of principal.
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