ETF Odds & Ends: Sprott Launches ESG Gold Fund

ETF Odds & Ends: Sprott Launches ESG Gold Fund

Plus, Barclays resumed creations on 27 ETNs.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

The week ending Aug. 5 saw a handful of ETFs launch. They included the Horizon Kinetics Blockchain Development ETF (BCDF) and the Sprott ESG Gold ETF (SESG) on Tuesday, as well as the Touchstone Dividend Select ETF (DVND) and the Schwab Crypto Thematic ETF (STCE) on Thursday. 

SESG caters to investors who want physical gold exposure without the negative environmental and social impact that gold mining is known for. This ETF will “source gold from companies and mines that meet Sprott’s ESG screening criteria,” the company said.  

“We created SESG to fill a gap in the marketplace with a gold fund focused on trust, transparency and traceability,” said Sprott CEO John Ciampaglia about the launch. “Our goal is to answer a number of key questions for investors: Where does my gold come from, who produced it and was it produced sustainably by recognized ESG leaders?” 

Barclays Resumes Creations  

Along with these launches, this week brought a few notable closures. The iShares Currency Hedged JPX-Nikkei 400 ETF (HJPX), which has $3 million in assets under management, will be liquidated. Trading in the ETF will be halted starting on Aug. 23. 

Meanwhile, Barclays announced that it has resumed creations on 27 exchange-traded notes, most of them commodity ETNs, after suspending them earlier this year. 

That includes the iPath Select MLP ETN (ATMP), the iPath Shiller CAPE ETN (CAPD) and the iPath Series B Bloomberg Agriculture Subindex Total Return ETN (JJA)

  

Follow Sumit Roy on Twitter @sumitroy2 

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.