Goldman Sachs has announced that it will launch a climate-focused index-tracking exchange-traded fund (ETF), which will hold stocks in S&P 500 companies that are not heavily involved in the production of oil and gas, coal, tobacco or military armaments. The announcement follows the recent climate change conference summit in Paris, and comes after State Street launched a fossil-fuel free ETF January 24, 2014, citing investors' concerns over climate change.
Goldman Sachs has announced that it will launch a climate-focused index-tracking exchange-traded fund (ETF), which will hold stocks in S&P 500 companies that are not heavily involved in the production of oil and gas, coal, tobacco or military armaments. The announcement follows the recent climate change conference summit in Paris, and comes after State Street launched a fossil-fuel free ETF earlier this month, citing investors' concerns over climate change.