Invesco MSCI North America Climate ETF (KLMN) Stock News

Invesco (NYSE: IVZ) has launched the Invesco MSCI North America Climate ETF (KLMN) on the New York Stock Exchange with a record-breaking initial investment of US$2.4 billion from Finnish pension insurer Varma. This marks the largest funding for any new ETF launch globally.

The ETF tracks the MSCI Global Climate 500 North America Selection Index, which selects North American companies meeting specific environmental and climate criteria. The launch builds on the success of the global KLMT ETF launched earlier this year, providing institutional clients with a flexible way to target greenhouse gas and carbon emissions reduction themes. The US listed thematic ETF market currently represents over US$439 billion in assets under management.