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Tom Lydon

Three New ETFs For The Socially Conscious Investor

By Tom Lydon on December 29, 2008 | More Posts By Tom Lydon | Author's Website

If you’ve been looking for more socially conscious exchange traded funds (ETFs) to add to your portfolio, your day could be coming soon.

Pax World Funds, based in New Hampshire, plans to list three such ETFs on NYSE Arca, according to a filing with the Securities and Exchange Commission (SEC) last week. Andrew Coen with Investment News says the three funds will be:

  • sShares FTSE Environmental Technologies Index
  • sShares KLD Europe Asia Pacific Sustainability Index
  • sShares KLD North America Sustainability Index

The Europe Asia Pacific and the North America Sustainability Index will be made up of companies that have high environmental, social and governance rankings as determined by KLD Research and Analytics.

The Environmental Technologies Index will be composed of the 50 largest environmental technology companies around the world in sectors such as alternative energy, water treatment, pollution control and waste management.

iShares offers a socially responsible ETF, as well, called the iShares KLD Select Social Index Fund (KLD). Down 38% year-to-date.

Socially Conscious ETF

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