Dimensional in June became only the second U.S. issuer to pull off a conversion, transforming $29 billion worth of mutual funds into ETFs in an industry record.
The VanEck HIP Sustainable Muni ETF will focus on investments in projects that advance sustainability or those with "positive social, environmental and economic outcomes."
The SEC is following the money: Few businesses are booming in high finance like sustainable investing, as governments, pension plans and corporations all seek to lower their carbon footprints and be better public citizens.