BNY has launched the BNY Mellon Power Ecosystem ETF (BGRD), an actively managed fund targeting companies positioned to benefit from growing electricity demand, grid modernization, and energy infrastructure investment. The ETF invests at least 80% of its assets in power ecosystem companies spanning electricity generation, transmission, distribution, storage, and energy efficiency. Its investment universe includes utilities, electrical equipment manufacturers, engineering firms, nuclear energy, renewables, battery storage, liquid cooling, and critical materials. Managed by Newton Investment Management North America, BGRD uses quantitative and fundamental research to identify companies with strong exposure to these themes. The fund invests globally across all market capitalizations, including emerging markets, and expects significant exposure to European companies alongside U.S. holdings.