These funds aim for an ethical profit

Article Excerpt

The ETF world is diverse, with a fund for every kind of investment strategy. That includes ETFs for those Canadians who want to invest in companies committed to protecting the environment and helping social causes. Here are two such funds: ISHARES MSCI KLD 400 SOCIAL ETF $97 (NYSE symbol DSI; TSINetwork ETF Rating: Aggressive; Market cap: $932.5 million) avoids companies that derive a significant portion of their business from alcohol, tobacco, gambling, civilian firearms, nuclear power, military weapons, adult entertainment, and genetically modified organisms. The fund invests in large U.S. companies and holds a diversified portfolio of about 400 stocks. Technology (28%), Financials (15%), Industrials (13%), Consumer Goods (11%), Consumer Services (11%), and Health Care (11%) are the main industry groups represented in the portfolio. The ETF’s top 10 holdings account for 25% of its portfolio. They include: Microsoft, Alphabet, Procter and Gamble, Intel, Verizon Communications, Coca-Cola, Cisco Systems, Oracle, Walt Disney and Merck & Co. The ETF was launched in November 2006…

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