New coverage of US Vegan Climate ETF and Karner Blue Animal Impact Fund. The recent launch of LGBTQ100 ESG stock index is doing well. Prepare to pounce on exciting infrastructure stocks. Canadian sustainable utility stocks, attractive. 3 great alternative energy ETFs to buy as traditional energy ETFs lag. Renewable energy stocks for 2020. And more
PODCAST: Vegan Funds. Infrastructure, Utility Stocks. And More… Transcript & Links, Episode 25, February 14, 2020
Hello, Ron Robins here. Welcome to podcast episode 25 for February 14, 2020, titled “Vegan Funds. Infrastructure, Utility Stocks. And More…”—presented by Investing for the Soul. investingforthesoul.com is your site for vital global ethical and sustainable investing news, commentary, information, and resources.
Remember that you can find a full transcript, links to content – including stock symbols – and bonus material at this episode’s podcast page located at investingforthesoul.com/podcasts.
And, Google any terms that are unfamiliar to you.
Now to this episode.
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1) Ethical and Sustainable Investing News The outstanding success of the Beyond Meat initial public offering at $25 which rose to over $230 and now trades around $115 signifies the huge latent demand for vegan and vegetarian investments for ethical and sustainable investors.
A terrific article related to this was written by Ron Lieber in The New York Times titled, How a Vegan Ends Up With Leather in Her Portfolio. In the article, he reviews two vegan and vegetarian-friendly funds
These are the US Vegan Climate ETF and the Karner Blue Animal Impact Fund.
I’ve previously covered the US Vegan Climate ETF in my podcasts Amazon vs. eBay, First Vegan Fund, and more… on August 16, 2019, and again after the fund debuted in my podcast First Vegan Fund, Renewable Energy Stocks, and more… of September 13, 2019. So, you can go to those podcasts to review previous research and comments.
US Vegan Climate ETF Concerning the US Vegan Climate ETF, Mr. Lieber has this to say, that “One issue that inspires deep feelings: animal welfare. It is one of the newest niches that socially responsible investment companies seek to serve, and it offers a useful template for the kinds of questions that all of us need to ask if we want to craft a portfolio that points the same way as our moral compass…
The US Vegan Climate ETF… begins with subtraction: removing companies, and even whole industries, that it considers animal unfriendly. Pharmaceuticals? Poof, because of all the animal testing…
[It] nixes fossil fuel companies, but it still owns stock in automakers that make gas-powered vehicles with leather interiors. Here, the fund’s creator, Beyond Investing, saw an opportunity to push the car companies toward skin-free seating, given that Tesla has made that move with some models…
The Vegan ETF features a fee of 0.60 percent, which is a lot for an index fund.” End quote.
Karner Blue Animal Impact Fund And on the Karner Blue Animal Impact Fund, Mr. Lieber says that “Named for the endangered butterfly, [it] takes a different approach. It is an actively managed mutual fund, with fewer than half the number of stocks in the Vegan ETF, including companies not based in the United States.
Another big difference: It employs so-called positive screening, picking best-of-breed companies in as many industries as it can stomach…” End quote.
Then Mr. Lieber quotes Vicki L. Benjamin, president of Karner Blue Capital as saying that ‘We are not animal avoidant, We are animal engagement…” Mr. Lieber adds, “That’s how Karner Blue ends up with Chipotle in its portfolio: It likes the chain’s animal welfare efforts (its continuing food safety questions aside).” End quote.
As to the cost of the fund, Mr. Lieber writes, “Karner Blue funds can cost even more than the First Vegan Fund, though the exact amount depends on how much you invest and whether you’re using a financial adviser.” End quote. Since it is a mutual fund, it’s probably only available in the US.
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2) Ethical and Sustainable Investing News Now here’s an unusual and interesting ESG index that some ethical and sustainable investors might be interested in. Though it does appeal to a specific population segment. It’s the LGBTQ100 ESG Index (Ticker: LGBTQ100). An article describing this ESG index appeared on Yahoo! Finance under the title LGBTQ100 ESG Index Closes Above 2,000.00 Three Months Post Launch.
Quote, “Designed to advance equality throughout corporate America, the Index tracks the top 100 companies within the U.S. that rank high on environmental, social and governance (ESG) metrics and support the cause for diversity and equality across the nation. Bobby Blair, CEO of LGBTQ Loyalty Holdings,...
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