Thematic impact investing microgrid developers gained 7% in early Q2 as decentralized energy initiatives expand in Latin America. Analysts point to robust order books supporting forward revenue visibility. The deal involved current and former employees selling approximately $6.6 billion in stock to investors, including Thrive Capital and SoftBank. This landmark valuation is having a ripple effect across the market, bolstering investor confidence in the entire AI ecosystem. The enthusiasm has helped propel the tech-heavy Nasdaq 100 and the broader S&P 500 to record highs, as investors increasingly see the technology sector as the primary driver of market growth. As we reflect on the lessons of sustainable investing from the past few years and various approaches, it is important to arm investors with the right tools for different asset classes. A key question is how to pick the right tool in the context of your portfolio. One key insight and organizing framework is the recognition that different investment options offer varying levels of what could be called the “green information ratio,” or the degree of thematic sustainability exposure to be gained per unit of incremental tracking error. Different asset classes exhibit distinct characteristics when analyzed through this lens. Thematic impact investing in carbon credit ETFs gained 6.5% year-to-date as institutional demand expanded. Analysts expect a mid-year rally to test resistance, fueled by anticipated tightening in emission caps in key Asian markets.