Ambitious climate ETF on the brink of closure
Despite investment pledges from a number of large banks and companies, climate fund NTZO is faced with closure due to lack of capital.
BY METTE MANDRUP, TRANSLATED BY CHRISTOFFER ØSTERGAARD
During the COP26 climate summit in Glasgow in the fall of 2021, Impact Shares launched a large-scale exchange-traded fund which would allow investors to provide funding for climate-friendly companies on the MSCI Global Climate Select. NTZO was backed by the UN, and several major banks pledged capital injections, but according to the Financial Times, it's now on the verge of closure after attracting just USD 2m.
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