ETHO Capital Opens Fossil-Free Exchange-Traded Fund On NYSE
cleantechnica.com| November 23rd, 2015
by Andrea BertoliEtho Capital, in partnership with Factor Advisors, a subsidiary of ETF Managers Group, successfully launched the world’s first diversified, socially responsible and fossil-free exchange-traded fund (ETF) on the New York Stock Exchange.
etho-logoThe ETHO ETF is based on the Etho Climate Leadership Index (ECLI), an index of 400 companies announced in October that is completely divested of fossil fuel companies, rigorously screened for sustainability criteria, and constructed of the most climate-efficient companies in each sector, offering investors a product with broad diversification while remaining socially and environmentally responsible. It is part of a series of financial products that will be released by Etho Capital, which is dedicated to taking sustainable investing mainstream.
The ETHO ETF is composed of U.S. public equities in the ECLI, which combines…read more>>