FYI: (This is a follow-up article.)
Earlier this week, VanEck announced a 33% fee reduction on the VanEck Vectors Green Bond ETF (GRNB), resulting in a new net expense ratio of 0.20%. That matches the net expense ratio of its sole rival in the green bond exchange-traded fund space, the iShares Global Green Bond ETF (BGRN).
Along with the fee reduction, the VanEck fund also switched its index. Before the index change, there wasn’t much difference between the two products regarding many of the exposures and allocations within their respective portfolios. In addition, they also have similar asset amounts and even their ticker symbols are an anagram of sorts.
Regards,
Ted
https://www.fa-mag.com/news/do-green-bond-etfs-produce-green-returns-51499.html?print
