S&P Kensho Cleantech ETF - CTEX S&P Kensho Cleantech ETF

ProShares S&P Kensho Cleantech ETF seeks investment results, before fees and expenses, that track the performance of the S&P Kensho Cleantech Index.

ProShares S&P Kensho Cleantech ETF invests in companies involved in developing and building the green technologies that could power the future in areas like hydro, solar, wind, and geothermal.

  • The advancement of clean technology is critical to meeting the Paris Agreement goal of net-zero energy emissions by 2050. A BloombergNEF forecast states that to meet the deadline, emissions must decline 30% from 2019 levels by 2030. Renewable energy sources like solar, wind, and hydrogen could play a central role in this transition.
  • Both the public and private markets are investing in clean technology. The Biden administration has called for massive government spending in this area, and global companies like Goldman Sachs, Google and Microsoft have announced substantial commitments to clean technology.
  • Clean technology could be a catalyst for economic growth, driving $1-2 trillion of green infrastructure investments per year and creating 15-20 million jobs globally, according to a 2020 Goldman Sachs research report.
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No distributions have been made for this fund.

Sources: BloombergNEF New Energy Outlook, 2021; “Statement from the White House, April 2021;” Goldman Sachs, Carbonomics, The Green Engine of Economic Recovery, June 2020; Goldman Sachs, 2021; Google Sustainability, 2021; Microsoft CSR, 2021