ESG & Investing
The Biggest ETF Launch Ever Is Just a $2 Billion ESG Fund Reshuffle
- New fund USCA started trading Tuesday with $2 billion assets
- Matching amount was pulled from sister ETF USSG on same day
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The largest ETF launch of all time has just taken place in the US. Unfortunately, it was less dramatic or exciting than it sounds.
The record-breaking fund is the Xtrackers MSCI USA Climate Action Equity ETF (ticker USCA), which debuted Tuesday with $2 billion in assets — leapfrogging the $1.35 billion launch of the Goldman Sachs MarketBeta US 1000 Equity ETF (GUSA) to take the top spot.