Finance
ETF Built Around Paris Climate Accord to Tackle Greenwashing
- Fund tracks low polluters that keep reducing carbon emissions
- Targeting assets of at least 200 million euros in first year
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A new exchange-traded fund will link to bonds issued by companies meeting emissions targets outlined by the Paris climate agreement.
Tabula Investment Management is listing the ETF on Germany’s Xetra exchange on Thursday, targeting investors disillusioned with the so-called greenwashing -- exaggerated claims of environmental compliance -- that’s dogged the growth of ethical investing.