Gabelli Asset ETF (NYSE: GAST) has been renamed Gabelli Automation ETF, emphasizing its focus on the automation ecosystem. The fund aims for capital appreciation by investing in firms across various sectors that support automation technologies. Notably, the fund will waive fees for the first $25 million of assets under management. The investment team, led by experienced professionals including Brett Kearney, CFA, is committed to navigate the challenges posed by tight labor markets and productivity demands globally.
GAMCO Investors, Inc. (NYSE: GBL) announced that its Gabelli Love Our Planet & People ETF (NYSE: LOPP) is now available for investment on the Charles Schwab ETF Platform. To encourage investments, GAMCO will absorb all fees and expenses for the first $100 million invested in LOPP. Launched in February 2021, LOPP targets companies committed to sustainability, including sectors like renewable energy and waste reduction. The fund is managed by a seasoned team with expertise in sustainable investments.
Gabelli Funds has launched Love Our Planet & People (NYSE: LOPP), an actively managed ETF focused on ESG investing. This ETF allows investors to engage in renewable energy, water infrastructure, and sustainable practices. Notably, the first $100 million invested will incur no fees for one year. However, LOPP’s non-transparent structure introduces potential trading risks, as daily asset disclosures are not provided. This could lead to price discrepancies compared to portfolio values. Investors are advised to carefully review risks outlined in the prospectus before investing.