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.



About the author: Crypto Lemon
Share about yourself.
No votes yet.
Please wait...

Add your Scripsio!

Join Scripsio and write what you write!

Be a part of the Scripsio community. Share what you have written.

Comments

No comments yet