Yesterday Etho Capital, in partnership with Factor Advisors, a subsidiary of ETF Managers Group, successfully launched the world’s first diversified, socially responsible and fossil-free exchange-traded fund (ETF) on the New York Stock Exchange. The ETHO ETF is based on the Etho Climate Leadership Index (ECLI), an index of 400 companies announced in October that is completely divested of fossil fuel companies, rigorously screened for sustainability criteria, and constructed of the most climate-efficient companies in each sector, offering investors a product with…
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