Harbor Capital Advisors has launched Harbor Energy Transition Strategy ETF (RENW).
The fully transparent ETF will seek to track the performance of the Quantix Energy Transition Index before fees and expenses. The Index was developed by Quantix Commodities LP and is owned by Quantix Commodities Indices, LLC.
The commodities that comprise the Index serve one of the three purposes associated with the theme: (1) they are used to construct the new energy infrastructure (e.g., copper, aluminum and silver); (2) they are “bridge fuels” that are less carbon-intensive and will provide energy between now and the net-zero state (e.g., natural gas); or (3) they incentivize investment in the new energy infrastructure (e.g., carbon credits).
Kristof Gleich, president and CIO of Harbor Capital Advisors, said, “The world is undergoing a dramatic energy regime shift that has only been accelerated by recent events. We believe this will be one of the most significant macro th