abrdn is set to rebrand and tighten the ESG metrics on its actively managed real estate ETF.
Effective 12 August, the abrdn Global Real Estate Active Thematics UCITS ETF (R8TA) will be renamed the abrdn Future Real Estate UCITS ETF.
“The proposed change of name is to reflect the existing focus of the fund on themes that will drive future investment demand in real estate,” abrdn said in a statement.
The minimum sustainable investment threshold of R8TA will also be increased to 10% alongside a number of the firm’s other funds categorised as Sustainable Finance Disclosure Regulation (SFDR) Article 8.
abrdn said the changes will mean the ETF is “positioned suitably” for anticipated ESG regulatory developments and have been facilitated by more readily available ESG data.
R8TA remains the firm’s only ETF in Europe and has struggled to gain traction with just $11m assets under management (AUM) since launching in February last year.
Previously, ETF Stream revealed the firm had registered a metaverse ETF with the Central Bank of Ireland (CBI) at the start of 2023 but has yet to bring the product to market.
abrdn also signalled its intention to expand its ‘future’ thematic range with trade and food ETFs in February this year.
