Scalper1 News
The ongoing Paris climate talks have brought green investing back into focus. As concerns about the harmful impact of fossil fuels on the environment continue to grow, many investors are looking to eliminate fossil fuels related exposure from their portfolios and invest in cleaner alternatives. A growing number of institutional investors like pension funds, charities and endowments are increasingly divesting from fossil fuel companies. Recently, New York’s comptroller announced plans to invest the state retirement fund assets in companies with lower carbon emissions via an index designed by Goldman Sachs. Many retail investors are also interested in getting oil, gas and coal companies out of their portfolios, and fossil fuel free or low carbon ETFs are a great investment option for them. They help investors to exclude companies that are not aligned with their values and yet earn market-like returns. In the current market scenario, apart from moral and ethical concerns, financial concerns also should deter investments in fossil fuels. Looking at the shorter term, with oil price expected to stay low, fossil fuel investments look bad and even in the longer term, there is a case for avoiding these investments as governments all over the world work together to limit carbon emissions. To learn more about a couple fossil fuel free/low carbon ETFs – SPDR S&P 500 Fossil Fuel Free ETF ( SPYX ) and iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA: CRBN ), please watch the short video below: Original Post Scalper1 News
Scalper1 News