Osmosis Investment Management will launch a climate solutions ETF, providing access to a range of global companies contributing towards a more sustainable economy.
The fund will track the Osmosis Climate Solutions index, developed with the assistance of HSBC's quantitative techniques business.
The index consists of 100 companies, which derive more than 50% of revenue from products or services focused on the efficient use of natural resources and the mitigation of climate change.
The selected companies are then screened for liquidity, and are weighted to provide diversified global exposure to climate solution technologies.
In terms of geographic exposure, the index comprises Asia Pacific (37%), North America (31%) and Europe (26%).
Osmosis Investment Management partner Ben Dear says: "Existing ETFs either offer insufficient exposure to pure-play climate solutions or are focused too heavily on energy production."
He adds: "Climate change technology is not only about sustainable energy production. Energy efficiency, resource management, pollution control and low carbon financing all play significant roles in both the size and breadth of investment opportunities."
The ETF is due to be initially quoted on the Irish Stock Exchange in early January and will then be listed on the London Stock Exchange.
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