Huntington Asset Advisors (HAA) is launching actively-managed exchange-traded funds (ETFs), through its new ETF family, Huntington Strategy Shares. Huntington EcoLogical Strategy ETF (nyse arca:HECO) is the first of two planned Huntington Strategy Shares.
The EcoLogical Strategy ETF has a goal of capital appreciation and will focus on ecologically-focused companies and products, which are positioned to take advantage of continuing changes in laws, consumer behaviour and business investments. The ETF holds stocks from companies large and small across a widely-diversified set of industries.
These companies demonstrate environmental stewardship and provide products and services that advance green practices and show evidence of sustainability. With this approach, the ETF may be more correlated to market indices, like the S&P 500, than specific green funds that target clean tech or alternative energy, which may be more limited in scope.
"Many green funds emphasise nascent technologies like wind and solar because they are clean, without regard to whether that’s a logical investment," said Randy Bateman (pictured), Huntington’s chief investment officer and president of Huntington Asset Advisors (HAA). "Our approach looks at those opportunities, but then applies logic around whether or not that company is producing products that are affordable by broad markets."
The EcoLogical Strategy ETF is bought and sold like a stock. Shares may be purchased through a personal broker, online brokerage, or a financial advisor.
"Within Huntington, we have an established team of experts whose goal is to select the top environmentally-friendly investments for this ETF," says Brian Salerno, EcoLogical Strategy ETF manager. "Companies with these sustainably green characteristics tend to be more seasoned, have profitable business models, and are usually good environmental stewards."