2024-04-04 17:30:58 ET
Summary
- SPDR® S&P 500 Fossil Fuel Reserves Free ETF avoids companies with fossil fuel reserves, allowing investors to support a greener future without sacrificing exposure to large-cap US equities.
- Holdings of the SPYX ETF include environmentally conscious companies such as Apple, Microsoft, Amazon, Nvidia, and Alphabet.
- SPYX's sector breakdown is heavily weighted towards Information Technology, with a low percentage allocated to the Energy sector, highlighting its commitment to fossil fuel-free investing.
Oftentimes what you leave out of an investment portfolio can be more important than what you put in. This applies to exchange-traded funds, or ETFs, as well that avoid certain parts of the marketplace based on investor demand and a particular mandate. ESG funds do this by avoiding companies that are deemed to be harmful to the environment for example....
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For further details see:
SPYX: Not Enough Environmental Concern To Make It Worth It