Gabelli Plans to Shift Sustainability ETF Toward Energy Infrastructure

Gabelli ETFs is proposing to reposition its Gabelli Love Our Planet & People ETF as the Gabelli Powering the Future ETF, shifting its investment focus from sustainability-screened equities to energy, power and related infrastructure companies. Under the proposed strategy, the fund would invest at least 80% of its assets in these industries, replacing its existing sustainability-focused investment policy. The restructuring also includes changes to its industry concentration policy, a switch from diversified to non-diversified status, and reclassification of its investment objective as a non-fundamental policy. The changes remain subject to shareholder approval at a meeting expected around December 21, 2026, with a proxy statement anticipated in November. If approved, the overhaul would take effect shortly afterward, marking a significant strategic shift toward energy infrastructure.