New Money

And Now, Socially Conscious ETFs

By Katy Marquardt

Posted: December 26, 2008

Mutual-fund investors have plenty of options when it comes to socially screened funds. Not so for ETF investors (save for a couple of iShares offerings.) That may be about to change: New Hampshire fund family Pax World--a pioneer of SRI investing--is getting ready to launch three exchange-traded funds in this space: the sShares FTSE Environmental Technologies Index ETF, which will track 50 large alternative energy, water treatment, pollution control, and waste management companies worldwide; the sShares KLD Europe Asia Pacific Sustainability Index ETF, made up of companies with high environmental, social, and governance rankings; and the sShares KLD North America Sustainability Index ETF (here's the full filing.)

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New Money

Katy Marquardt, a senior editor at U.S.News & World Report, takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties. Have a question? E-mail Katy at newmoney@usnews.com

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