New Vegan-Friendly Fund To Trade Under VEGN Ticker

August 21, 2019

(Source: katjen/Shutterstock.com)

by | August 21, 2019

The first exchange-traded fund geared toward animal rights activists is set to start trading next month.

Investment firms are vesting their interests in animal welfare enthusiasts, developing vegan-centric portfolios for the discerning advocate.

This is part of a growing wave of conscious investment funds, and fund managers have said that these funds will most likely generate higher returns due to their focus on the long-term perspective.

The fund will pick stock in companies that are likely to have a positive social impact, while still being profitable.

Beyond Meat has risen 240% since its May, 2019 initial public offering (IPO) (Source: NYSE/Instagram)

According to Swiss firm Beyond Investing — which is sponsoring the US Vegan Climate ETF (VEGN) — its goal is to create “the first ever publicly available vegan and environmentally conscious investment products.”

Beyond Investing will include some stocks from the traditional S&P 500 in VEGN, for example Microsoft, Facebook and Apple. However, it will eliminate companies it believes to be recklessly endangering animals or the environment.

Future “VEGN” Funds

Karner Blue Capital has also announced its initiative to create a mutual fund that will “evaluate publicly-traded companies on animal welfare and biodiversity criteria.”

However, it has not yet said when this fund will be launched.

President Vicki Benjamin said the fund will focus not only on excluding companies that harm animals, but also on influencing their investments to always keep improving practices.

Benjamin has a track record of honesty, as she was the whistleblower to a now-defunct Calvert Investment Management which had been misappropriating client funds for corporate use in 2015, shortly after she began working with the company.

Do you think it’s worth trying to diversify your portfolio with funds that are more vegan-centric? Let us know in the comments below.

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