T. Boone Pickens’ eponymous fund, BP Capital Fund Advisors LLC, plans to revamp an oil-focused exchange-traded fund with a shift to renewables in mid-August, according to a filing on July 26. Bloomberg first reported the filing.
Much of the initial effort has been on the oil, gas and coal sectors. Now investors are starting to turn their sights toward the demand-side sector as well.
Program will focus on technologies to reduce emissions.