MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, April 15, 2024 A Green Roboadvisor Builds a 2nd ETF The team at a four-year-old, ESG-focused roboadvisor is rolling out their second EETF.
CCSB's inception date was last Thursday, April 11, 2024. By the end of the next day, the fund had more than $999,000 in AUM. Its expense ratio is 50 basis points. Tidal Investments LLC [profile] serves as CCSB's investment advisor, while Artesian Capital Management (Delaware) LLP and Carbon Collective serve as subadvisors. The ETF's PM team includes: John McCartney, co-founder of Artesian; and James Regulinski, co-founder of Carbon Collective. The new fund is actively managed and designed to invest in green or sustainability corporate bonds. It follows the launch, back in 2022, of Carbon Collective's 1st ETF, the Carbon Collective Climate Solutions U.S. Equity ETF (CCSO). CCSO, too, is an actively managed ETF powered by Tidal (fka Toroso) and Carbon Collective, and the 35bps fund had grown to $25.83 million in AUM as of last Friday, April 12. (Carbon Collective also launched a 401(k) product in 2022.) CCSB's other service providers include: Cohen & Company, Ltd. as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; Sullivan & Worcester LLP as counsel; Tidal ETF Services LLC as administrator; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant, sub-administrator, and transfer agent; and U.S. Bank National Association as custodian. Printed from: MFWire.com/story.asp?s=67292 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
