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Anyone know of index funds closest to vanguard low cost options that exclude oil and other stocks not friendly to the environment? I wish there was a fund where

Anyone know of index funds closest to vanguard low cost options that exclude oil and other stocks not friendly to the environment? I wish there was a fund where I can handpick my investments through exclusion of various categories against my core values but without having to pick individual stocks. Perhaps this exists and I’m just unaware?

smt88 9y ago
Fidelity has "green" ETFs.
- mrhappyunhappy 9y ago
  Thanks I’ll take a look!
rightos 9y ago
There are a number of "socially responsible" ETFs with quite low fees - not as low, but not bad. Most focus on environmental goals, though some have worker rights, "biblical values" or equality goals too, some also seek to derive most of their revenue from the renewable industry. That's definitely riskier, but may appeal to some. http://www.etf.com/sections/features-and-news/top-10-socially-responsible-etfs?nopaging=1 http://www.etf.com/sections/features-and-news/top-10-sociall... has some basic details about some popular ones.
- swarnie_ 9y ago
  If your interested in the opposite there is always the VICEX EFT. "VICEX, as the ticker implies, holds a basket of stocks specializing in alcoholic beverages, tobacco, gaming and defense/aerospace industries" Just missing CXW and its 6% dividend to round out the fund.
  - amontes 9y ago
    In this context the "opposite" would be something like an energy or utility ETF (like Vanguard's VDE or VPU), funds that are 100% invested in fossil fuel infrastructure.
matwood 9y ago
I don't know of any off the top of my head that only excludes 'not friendly to the environment', but I would look at the other brokers. Schwab and Fidelity both have low cost funds similar to Vanguard. Also, really low cost might be hard since excluding something like 'not friendly to the environment' is more of an active managed fund. There is this though: http://us.spindices.com/indices/equity/sp-500-environmental-socially-responsible-index http://us.spindices.com/indices/equity/sp-500-environmental-...
durkie 9y ago
SPYX and SPXE are both s&p 500 ETFs that exclude oil. Check the holdings of each, because I know one of them does actually still have some Petro companies.
ricardobeat 9y ago
Not a customer but I’ve just learned about https://www.motifinvesting.com https://www.motifinvesting.com
- amontes 9y ago
  There are other similar platforms like https://www.openinvest.co/ https://www.openinvest.co/. And even if you use a trading platform like Robinhood you can find environmentally-conscious ETFs by searching terms like "fossil free", "green", etc.
marvin 9y ago
Sounds like a business opportunity. I don't think there is a lot of competition in this space yet. You could probably do this with an investment engine that uses a few hundred ETFs to build a portfolio. You'd need decent customer volume in order to make it low-cost, but there are definitely possibilities there.
- oh_sigh 9y ago
  motifinvesting.com pretty much handles this
amontes 9y ago
I just made an account so I could reply to this - I work on https://fossilfreefunds.org https://fossilfreefunds.org which is a site analyzing mutual fund/ETF portfolios for exposure to fossil fuel stocks. You can see if funds own the 200 largest carbon reserve owners, largest coal-fired public utilities, etc. We also measure carbon emissions metrics for the overall portfolio. And if a fund has a "socially responsible investment mandate" we show that as well.

smt88 9y ago

Fidelity has "green" ETFs.

mrhappyunhappy 9y ago
Thanks I’ll take a look!

rightos 9y ago

There are a number of "socially responsible" ETFs with quite low fees - not as low, but not bad. Most focus on environmental goals, though some have worker rights, "biblical values" or equality goals too, some also seek to derive most of their revenue from the renewable industry. That's definitely riskier, but may appeal to some. http://www.etf.com/sections/features-and-news/top-10-socially-responsible-etfs?nopaging=1 http://www.etf.com/sections/features-and-news/top-10-sociall... has some basic details about some popular ones.

swarnie_ 9y ago
If your interested in the opposite there is always the VICEX EFT. "VICEX, as the ticker implies, holds a basket of stocks specializing in alcoholic beverages, tobacco, gaming and defense/aerospace industries" Just missing CXW and its 6% dividend to round out the fund.
- amontes 9y ago
  In this context the "opposite" would be something like an energy or utility ETF (like Vanguard's VDE or VPU), funds that are 100% invested in fossil fuel infrastructure.

matwood 9y ago

I don't know of any off the top of my head that only excludes 'not friendly to the environment', but I would look at the other brokers. Schwab and Fidelity both have low cost funds similar to Vanguard. Also, really low cost might be hard since excluding something like 'not friendly to the environment' is more of an active managed fund. There is this though: http://us.spindices.com/indices/equity/sp-500-environmental-socially-responsible-index http://us.spindices.com/indices/equity/sp-500-environmental-...

durkie 9y ago

SPYX and SPXE are both s&p 500 ETFs that exclude oil. Check the holdings of each, because I know one of them does actually still have some Petro companies.

ricardobeat 9y ago

Not a customer but I’ve just learned about https://www.motifinvesting.com https://www.motifinvesting.com

amontes 9y ago
There are other similar platforms like https://www.openinvest.co/ https://www.openinvest.co/. And even if you use a trading platform like Robinhood you can find environmentally-conscious ETFs by searching terms like "fossil free", "green", etc.

marvin 9y ago

Sounds like a business opportunity. I don't think there is a lot of competition in this space yet. You could probably do this with an investment engine that uses a few hundred ETFs to build a portfolio. You'd need decent customer volume in order to make it low-cost, but there are definitely possibilities there.

oh_sigh 9y ago
motifinvesting.com pretty much handles this

amontes 9y ago

I just made an account so I could reply to this - I work on https://fossilfreefunds.org https://fossilfreefunds.org which is a site analyzing mutual fund/ETF portfolios for exposure to fossil fuel stocks. You can see if funds own the 200 largest carbon reserve owners, largest coal-fired public utilities, etc. We also measure carbon emissions metrics for the overall portfolio. And if a fund has a "socially responsible investment mandate" we show that as well.