The newly listed Climate Change ETF (ASX:ERTH) is surging higher

The Betashares Climate Change Innovation ETF (ASX: ERTH) made its ASX debut yesterday, opening at $12.72. At the time of writing, ERTH shares have pushed 3.2% higher. This is, in part, thanks to a strong overnight performance in US and European markets. 

What’s so special about ERTH? 

The ASX ERTH ETF comprises a portfolio of up to 100 leading global companies. These companies derive at least 50% of their revenues from products and services that aim to tackle climate change and other environmental challenges. 

Many have pointed to tackling climate change as the next investment megatrend, including leading rare earths producer Lynas Rare…