Goldman Sachs Debuts Clean Energy ETF

Goldman Sachs Debuts Clean Energy ETF

Goldman Sachs launched its third ESG-tinted ETF, this time looking to track companies seeking to reduce the world’s carbon emissions.

The Goldman Sachs Bloomberg Clean Energy Equity ETF (GCLN) debuted on the Cboe Global Markets Thursday with an expense ratio of 0.45%. The fund is the 30th U.S.-listed ETF focusing on clean energy, according to data from FactSet.

GCLN follows a Bloomberg-developed index tracking global companies that generate renewable power or infrastructure for that industry. Firms are ranked by their market value attributed to clean energy activities on a scale from one to four.