Investors searching for sustainable ideas and bounce back candidates in the fixed income universe may want to consider the VanEck Vectors Green Bond ETF (NYSEArca: GRNB) – the gold standard among green bond funds.
GRNB tracks the S&P Green Bond Select Index, which is “comprised of labeled green bonds that are issued to finance environmentally friendly projects, and includes bonds issued by the supranational, government, and corporate issuers globally in multiple currencies,” according to VanEck.
Like other corners of the bond market, green bonds and GRNB have been bitten by coronavirus selling, but the group looks like a compelling rebound idea.
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