San Francisco-based Shelton Capital Management is launching a “green” fund that will bet on companies that “are leaders in managing environmental risks.”

According to a regulatory filing, the Shelton Green Alpha Fund (NEXTX) will bet on “green economy companies”, which “works to improve human well-being and social equity while significantly reducing environmental risks and ecological scarcities.”

The fund is sub-advised by Green Alpha Advisors, which “maintains a proprietary list of roughly 300 companies from several industries and economic sectors” that meet the requirement for green economy companies.

It has a total annual operating expense of 18 basis points.

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