Global X Launches Green Building ETF (GRNR) as New Thematic Offering

​Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X Green Building ETF (GRNR). GRNR is Global X's latest addition to its Thematic Growth family, which offers investors targeted exposure to companies around the world driving long-term, paradigm-shifting themes.

The global population is expanding at a rapid pace and becoming increasingly urban. By 2050, the world's population is expected to reach 9.7 billion, 68% of which is projected to live in urban areas. This swift increase in population will make additional places for people to live, work, and congregate necessary, requiring building stock to double. However, buildings account for a significant share of global greenhouse gas emissions, and urban environments and city dwellers are expected to become increasingly vulnerable to the impacts of climate change, including extreme heat events and rising sea levels. With buildings responsible for up to 38% of energy-related carbon emissions globally and 50% of all extracted materials, green buildings are key to reducing building-related emissions and improving urban resiliency in the face of climate change. 

"The green building sector represents a multi trillion-dollar opportunity designed to meet the rapidly increasing demand for buildings while reducing greenhouse gas emissions and boosting climate resiliency," said Pedro Palandrani, Director of Research at Global X. "We expect green buildings to continue to gain market share due to increasing demand for sustainable solutions and new regulations, and I'm thrilled that Global X is leveraging its thematic expertise to seek to provide investors with access to companies involved in several business activities related to green building."

With an expense ratio of 0.45%, GRNR seeks to invest in companies that are positioned to benefit from increased demand for buildings that reduce or eliminate negative impacts, and/or create positive impacts, on the natural environment, including green building development, green building management and green building technologies & materials.

The fund will track the Solactive Green Building Index and will join the Global X Thematic Growth suite of 35 ETFs and more than $19 billion in assets under management.

Source: PR Newswire