ESG Gold Mining ETF surpasses $60m AUM as ESG screens gain popularity

  • ESGO provides investors with a unique opportunity to access the 25 best-in-class ESG gold miners and is the only gold mining ETF in Europe with SFDR Article 8 classification.

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October 2023 London

HANetf Europe’s first and only independent white-label UCITS ETF and ETC platform[1] and leading provider of digital asset ETPs is delighted to announce that AuAg ESG Gold Mining UCITS ETF (ESGO) has registered increased interest from institutional investors reached $61.8 million assets under management (AUM).

At the start of the year ESGO’s AUM stood at $6.2 million but this number has now exceeded $61.8 million representing a growth of 905.4% year-to-date. [2]

ESGO provides investors with a unique opportunity to align their gold mining exposure with ESG principles. Gold mining requires shifting large amount of Earth which generates considerable greenhouse gas emissions. But by employing an ESG-screen ESGO allows for exposure to companies in the sector with lower carbon footprints.

Despite the string of declassifications at the start of 2023 ESGO remains the only Article 8 gold mining ETF under the Sustainable Finance Disclosure Regulation (SFDR).[3] This makes the fund unique in its objective to turn a “brown” industry green.

The ETF tracks the Solactive AuAg ESG Gold Mining Index (SOLESGON) providing equal-weighted exposure to the 25 gold mining stocks with the best-in-class ESG risk scores. The equal weighting helps to avoid concentration risks and the possible underweighting of a few dominant mega-companies may also provide a beneficial return profile for ESGO during bull markets for gold miners.

Hector McNeil Co-CEO and Co-Founder of HANetf comments: ESGO has seen incredible growth this year which indicates to us that there is increasing demand for ESG-focused investment solutions within the gold mining sector. While many European funds were downgraded from SFDR Article 8 or 9 at the beginning of the year ESGO has remained firm in its sustainable focus.

“AuAg ESG Gold Mining UCITS ETF (ESGO) seeks to offer exposure to an equal-weighted basket of 25 ESG-screened companies in the gold mining industry using Sustainalytics to screen the mining universe for their ESG credentials and attributing a risk score based on their findings.”

All performance figures are showing net data. Past performance is not indicative of future performance and when you trade ETFs your capital is at risk.