Ethical Stock Investment To Launch On New York Stock Exchange
Ethical Stock Investment To Launch On New
York Stock Exchange (PlantbasedNews)
- Beyond Investing is launching the US Vegan Climate Exchange Traded Fund (VGN ETF) on the New York Stock Exchange on September 10th.
- The ETF is targeted at vegans looking for climate-conscious investments and is constructed by taking “the Solactive US Large Cap index (a proxy for the S&P 500 Index) and [excluding] any stocks whose activities are incompatible with a vegan and climate-conscious approach to investing, replacing damaging stocks with midcap alternatives that meet its ethical criteria.”
Analysis and Comments
- Flows to ESG and sustainability-focused funds have spiked this year, as investors continue to focus on the investment opportunities that address issues such as climate change, (plastics) pollution, or gender pay disparities.
- Therefore, you should expect to see continued growth in the number of investment instruments focused on these issues, particularly as worries around uncompetitive “stranded assets” intensify.
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Posted from my blog with SteemPress : https://scrips.io/blog/mr-cryptolemon/ethical-stock-investment-to-launch-on-new-york-stock-exchange-2/