Matt Weglarz, Director and Portfolio Manager, Tortoise met with Julie Cooling, Founder & CEO, RIA Channel to discuss their passive suite of products designed around essential assets.
Tortoise, known for its focus on energy, defines essential assets as those that are absolutely crucial to the economy and society. Outside of their midstream energy infrastructure fund, TPYP, the firm has also developed passive products in sustainable and digital infrastructure.
“It’s the back bone of the digital economy,” says Welglarz on the importance of digital infrastructure. The newest category within Tortoise’s essential assets strategy, encompasses cloud computing, TCLD and digital payments, TPAY. The digital payments ETF invests in a range of merchant services, credit card networks, and new technologies like Paypal and Venmo. “This fund presents huge opportunities in emerging markets where much of the payment transactions are still in cash,” explains Welglarz.
To learn more about the Tortoise essential assets strategies, head here.