VanEck Green Metals ETF(AMEX:GMET)

GMET is the first ETF to capture the global green metals space. The fund specifically includes companies that mine, refine, or recycle green metalsthat is metals and rare earth elements enabling the transition to clean energy sources and technologies. Eligible firms must generate at least half of their revenues from green metals or have mining projects with the potential to derive at least half of their revenues from green metals when developed. The funds concentrated portfolio aims to cover 90% of the selection universes free-float market capitalizationhaving at least 25 companies selected and weighted by market-cap, with individual positions capped at 8% weight. Although GMET offers a sustainable tweak on its sibling fundREMX, it sticks to a plain vanilla strategy that focuses on firms business activities rather than ESG screens. The index reconstitutes and rebalances quarterly.