Market-beating vegan ETF founder explains the fund's big tech strategy - Business Insider

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The founder of the world's first vegan ETF explains how her market-beating fund is naturally built to include the pandemic's biggest winners — and why industry titans like Facebook and Uber fit the bill

Technology stocks, generally, are less likely to be linked to some of the barriers that prevent some of the pure consumer, or natural resources stocks from being included in the VEGN fund.

"What I would say, the kind of pressure that we would put on the company, which we can do through engagement, even if we don't divest, we can certainly incorporate that into our engagement with the company," Smith said. "With something like Facebook, it's not in a prohibited category, because it's not producing energy from fossil fuel," Smith said. "It's not directly abusing animals. It's one of these companies that is kind of within an ecosystem, where it has the potential to act for good, or bad, depending on its policies.

 

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Wasn’t aware Facebook and Uber were vegan

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