Beyond Advisors filed a registration statement with the Securities and Exchange Commission for the proposed launch of the US Vegan Climate ETF.
It is anticipated to list with ticker VEGN on the New York Stock Exchange in January 2019.
The US Vegan Climate ETF will be managed to track the US Vegan Climate Index, which was launched by Beyond Advisors in June 2018. Since then it has been independently calculated and published real-time by Solactive AG with index prices published real-time by the Stuttgart Stock Exchange, and on Bloomberg and Reuters terminals under the ticker VEGAN as well as reported daily on the Solactive website.
The US Vegan Climate Index is a passive, rules-based index of U.S. large cap stocks, screened according to vegan and climate-conscious principles.
Beyond Advisors is screening the Solactive US Large Cap Index, made up of the largest approximately 500 stocks in the US market, to exclude stocks of companies whose business activities include things like animal testing, burning of fossil fuels for energy production, and contributing to the abuse of human rights.
By being both zero animal exploitation and zero fossil fuel the US Vegan Climate Index has a carbon footprint well below the Solactive US Large Cap Index as well as reporting significantly lower waste generation and fresh water utilization (as calculated by Impact-Cubed). The US Vegan Climate ETF is expected to have estimated expense ratios of 0.60%.
VanEck Launches Morningstar-Powered ETFs
VanEck announced the launch of two new VanEck Vectors ETFs, in which both funds seek to leverage research from Morningstar’s experienced equity research team.
The VanEck Vectors Morningstar Durable Dividend ETF (DURA) seeks to provide exposure to high dividend yielding U.S. companies with strong financial health and attractive valuations, according to Morningstar. DURA seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar US Dividend Valuation Index . The Index leverages Morningstar’s forward-looking fair value assessments as well as its proprietary quantitative Distance to Default score, which helps target financially strong companies with a higher probability of sustaining dividend payments.
“Traditional methods of screening dividend paying companies generally rely on backward-looking data, such as a company’s history or magnitude of past distributions,” said Ed Lopez, head of ETF Product with VanEck. “Key features of DURA’s index are Morningstar’s fair value and financial health assessments.”
The VanEck Vectors Morningstar Global Wide Moat ETF (GOAT) seeks to provide exposure to global companies with sustainable competitive advantages, or “wide moats,” that are attractively priced according to Morningstar’s estimate of fair value. GOAT seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar ® Global Wide Moat Focus Index.
“Morningstar’s equity research team consists of over 100 analysts globally and applies one consistent, forward-looking methodology to their stock analysis,” added Lopez.
DURA has a net expense ratio of 0.29%, and GOAT has a net expense ratio of 0.52%
Proshares to Launch ETF Focused on Pet Care Industry
ProShares will soon be launching an ETF focused on the pet care industry. The ProShares Pet Care ETF (PAWZ) gives investors the opportunity to target an industry that stands to benefit from the proliferation of pet ownership and the emerging trends affecting how we treat our pets.