27.11.2014 - State Street to Debut ‘Low Carbon’ ETF on Friday
State Street Global Advisors is set to launch the market’s first-ever low-carbon exchange-traded fund on Friday, according to a trader alert from exchange operator Bats Global Markets. The ETF, called the SPDR MSCI ACWI Low Carbon Target ETF, will arrange a basket of global stocks by their low carbon footprints, according to the ETF’s most recent filing with regulators. It follows a passive index to do so. Rankings in the index will be determined by a company’s greenhouse gas emissions per sales and potential carbon emissions from fossil fuels (fossil fuel reserves) per dollar in market value.........................................Full Article: Source
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