DENVER, March 25, 2020 /PRNewswire/ -- SS&C ALPS Advisors has announced that The ALPS Clean Energy ETF (Ticker: ACES) now incorporates sustainability guidelines into the portfolio management process to meet Environmental, Social, and Governance (ESG) standards.
Sustainable investing is an investment approach that takes into consideration environmental, social and governance (ESG) factors during the investment decision-making process. Effective January 31, 2020, ACES began to adhere to sustainability guidelines, developed by Institutional Shareholder Services Inc. (ISS), when casting proxy votes on the fund's holdings.
ACES methodology incorporated environmental criteria in its proxy voting by design. The fund has since incorporated the social and governance standards.
"We believe that a fund that meets ESG standards should have its holdings meet all of the ESG criteria," said Andy Hicks, Portfolio Manager at SS&C ALPS Advisors. "As a result, ACES is a product that may allow investors to better align their investments with their personal beliefs."
According to Morningstar Research, in 2019, investors placed approximately $21.4 billion into socially responsible funds—a 4x increase over the previous calendar-year record, which occurred in 2018.1
The ALPS Clean Energy ETF (ACES) tracks the CIBC Atlas Clean Energy Index, which provides exposure to a diverse set of U.S. or Canadian-based companies involved in the clean energy sector, including renewables and clean technology. ACES provides investors with the following unique characteristics: