BNY launches global power ETF at 50 basis points

BNY Investments launched the BNY Mellon Power Ecosystem ETF (BGRD) on Nov. 10, 2026, a global equity fund charging 50 basis points for exposure to the power supply chain. ETF Trends first reported the launch and said the fund's industry focus includes utilities, heavy electrical equipment, energy traders, consumable fuels and construction.

BGRD targets companies tied to the transmission, generation, storage, distribution, management or efficiency of power. Its portfolio team blends quantitative and fundamental selection, which ETF Trends said helps the fund locate investment themes and find companies that can outpace the power ecosystem industry. BNY described the mandate as offering actively managed exposure across the power ecosystem.

For a dollar-based advisor, BGRD folds the power theme and unhedged foreign currency into one position at a 50 basis point fee. The fund is global, and its foreign holdings are often denominated in foreign currencies, with currency exposure generally unhedged to the U.S. dollar, according to ETF Trends. A client's dollar return therefore includes the currency move alongside the equity call.

BNY Investments already runs the BNY Mellon Global Infrastructure Income ETF (BKGI), one of its largest ETFs, with about $1.9 billion in assets as of Nov. 10, 2026. As ETF Daily previously reported, BNY's $20 billion ETF suite is mostly free beta.