First vegan investment fund coming to New York Stock Exchange

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NEW YORK -- An investment fund designed for animal rights advocates and environmentalists, the first of its kind according to financial experts, is set to begin trading on the New York Stock Exchange

next month.

Holding such investments is a way to pressure companies to change their behavior in order not to miss investors, said Tensie Whelan, who heads the New York University's Center for Sustainable Business. The fund's portfolio guidelines mean it doesn't include many pharmaceuticals, materials and consumer-sector stocks, said Smith.Still, a market index of stocks that a parent company of Beyond Investing launched in June last year and that VEGN will track - meaning it will be used to guide what stocks go into the fund - has outperformed the market this year, said Smith, after "a little bit of underperformance last year.

 

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