FYI: (This is a flolow-up article.)
The world's first Vegan Climate Exchange Traded Fund (ETF) will open to investors in January after it registered with the US Securities and Exchange Commission in September.
Investment opportunities for committed vegans are limited. Anything that involves eating or testing on animals, along with sectors such as arms and tobacco, are all off the menu.
Jersey-based firm Beyond Advisors is behind the Vegan Climate ETF - its four-letter New York Stock Exchange ticker will read VEGN.
Minimum investment is one share, costing $25 (€22) at launch. Its structure will be the same as any other ETF, said Beyond Advisors CEO Claire Smith.
The annual expense ratio is 0.60pc, or $6 per $1,000 invested. That's high compared to some mainstream ETFs. But Ms Smith and her partners, Lee Coates and Larry Abele (all vegan), expect animal rights activists and environmentalists to jump at it.
Regards,
Ted
https://www.independent.ie/business/world/worlds-first-vegan-etf-sets-out-to-target-ethically-minded-investors-37610130.html
