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Capitalism

September 16, 2020 - MarketWatch

In First Year, Nifty Vegan ETF Struts Its Stuff

In First Year, Nifty Vegan ETF Struts Its Stuff
Green, vegan investing© Photabulous!

If it feels like there's an exchange-traded fund for everything, it's because that statement is pretty close to being accurate. There's even a fund for vegan, climate-conscious investing: The US Vegan Climate ETF VEGN, +0.82%.

What Happened: VEGN, which celebrated its first birthday last week, tracks the Beyond Investing US Vegan Climate Index. That benchmark is an offshoot of the Solactive US Large Cap Index and is designed to provide investors with exposure to companies “zero animal exploitation and zero fossil fuel, represents a portfolio of stocks with lower greenhouse gas emissions, waste generation and fresh water utilisation as compared to the S&P500 Index,” according to Beyond Investing.

Why It's Important: What makes VEGN important and relevant today is that the upstart fund is answering a crucial question often asked about environmental, social and governance (ESG) ETFs: The ability to outperform standard equity funds.

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