In this episode of ETF Spotlight, I speak with Claire Smith, CEO and founder of Beyond Investing, a vegan and cruelty-free investment platform. They launched the world’s first vegan-friendly and climate-conscious ETF–The US Vegan Climate ETF VEGN– last week.
According to a report from GlobalData, the number of US consumers identifying as vegan grew 600% over a recent three-year period. Claire explains why animal welfare and climate change are linked and how a plant based diet can benefit the environment.
VEGN excludes companies engaged in animal exploitation, defense, human rights abuses, fossil fuels extraction and energy production, and other environmentally damaging activities.
Its top holdings are Apple AAPL, Microsoft MSFT and Facebook FB. Notable exclusions include Amazon AMZN, Berkshire Hathaway BRK.B, Johnson & Johnson JNJ