NZAC SPDR MSCI ACWI Climate Paris Aligned ETF
What is NZAC?
NZAC tracks a tier-weighted index of large- and mid-cap global stocks selected and weighted based on ESG criteria that are compatible with the Paris Climate Agreement and carbon reduction goals.
NZAC Factset Analytics Insight
NZAC takes a climate approach to investing in the global large- and mid-cap space. The index initially screens out stocks from the MSCI ACWI Index, that are involved in controversial weapons, tobacco, thermal coal mining, oil and gas, and power generation, as well as severe ESG controversies and environmental issues. The portfolio selection and weighting utilize an optimization process that minimizes exposure to physical and transition risks of climate change while providing exposure to sustainable opportunities. Optimization constraints include greenhouse gas intensity reduction, low carbon transition score, climate value-at-risk, green revenue, and fossil fuels-based revenue. The index also uses an optimizer to maintain the sector weighting in the parent index. The fund uses a sampling strategy to track its index, which is rebalanced semi-annually. Before April 22, 2022, NZAC traded as SPDR MSCI ACWI Low Carbon Target ETF (LOWC) and tracked the MSCI ACWI Low Carbon Target Index.
NZAC Summary Data
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NZAC Portfolio Data
NZAC Index Data
NZAC Portfolio Management
NZAC Tax Exposures
NZAC Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of NZAC. NZAC is rated a 4 out of 5.
NZAC Tradability
NZAC Sector/Industry Breakdown
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NZAC Top 10 Holdings
NZAC Performance Statistics
NZAC Countries
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NZAC Regions
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NZAC Economic Development
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NZAC Benchmark Comparison Summary
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NZAC Benchmark Comparison Market Cap Size
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Terms of Use
MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.