Harbor Capital Advisors, Inc. (“Harbor Capital”) today announced that it is adding to its exchange-traded fund (ETF) lineup bringing a new strategy focused on energy transition to market in early June, upon completion of the registration process. Along with ETFs, Harbor Capital also offers a series of mutual funds and collective investment trusts.
The Harbor Energy Transition Strategy ETF (RENW) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Quantix Energy Transition index (the “Index”). The Index was developed by Quantix Commodities LP, also the Fund’s subadviser.
“We are delighted to add to our growing ETF lineup by launching the Harbor Energy Transition Strategy ETF, providing investors with what we believe is a very timely and compelling investment strategy. The world is undergoing an energy regime shift that has only been accelerated by recent events. We believe this coming shift is probably the largest since the phasing out of whale oil as a primary source of energy in the late 19th century. Our strategy gives clients the opportunity to invest in, and help facilitate, this transition as the world marches towards a net zero goal,” said Kristof Gleich, President & CIO, Harbor Capital.
“We are thrilled to be partnering again with Don Casturo and his team at Quantix. Their background and decades of experience investing and trading commodities at Goldman Sachs helps make them the ideal partner in managing this strategy for our clients,” added Gleich.