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OCEN (IQ Clean Oceans ETF) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
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This fund utilizes a passive management strategy, or indexing approach, to closely track the performance of its benchmark index. The index's selection methodology focuses thematically on equity securities of companies dedicated to protecting and enhancing ocean cleanliness by reducing pollution and fostering resource efficiency. This is a non-diversified fund.
Oceans and other bodies of water cover a vast majority of Earth, but a case can be made that investors' portfolios are too dry when it comes to sustainable ocean investing concepts.
Sustainable investing is a broad term that encompasses more than some novice investors realize. Under that umbrella are water-related issues, including both drinking water and ocean investing.
Investing sustainability is a byproduct of the environmental, social, and governance (ESG) revolution. As a result, more dedicated sustainability exchange traded funds are coming to market.
At a time when ESG standards remain muddy in the U.S., investing in funds with issuers that are doing their due diligence can create better return potentials in the long term. Companies with ESG mandates could provide a lower risk profile as the SEC mulls ESG disclosure requirements and create greater shareholder value over time.
The emissions from container ships are significant, making up as much as the aviation industry and if converted into the equivalent emissions of a country, shipping would be sixth globally, reports Vox. With demand only set to continue in the coming years, the potential contributions to global warming will grow as well.