VanEck has launched VanEck Green Infrastructure ETF (RNEW), an equity ETF offering exposure to the leading companies that are poised to drive and benefit from increased investment in efforts to make U.S. infrastructure more “green” and sustainable.
“The state of the U.S.’s infrastructure is in need of renewal and an upgrade in order to support a growing population and the goals of environmental sustainability and climate resiliency. In fact, the American Society of Civil Engineers gave the U.S. a C– grade for its overall infrastructure in 2021, with sub-sectors including energy, hazardous waste and transit all earning D+ grades or worse,” said Michael Cohick, director of product management with VanEck. “Fortunately, government initiatives and private sector innovations are providing potential opportunities for investors to participate in this long-term trend. We’re very pleased to be launching RNEW, with its ability to effectively target sustainable infrastruc