New Vegan Climate ETF Offers Animal-Friendly Investing

The video discusses the VGN ETF, which is misleadingly named as a vegan ETF. Instead of featuring companies like Beyond Meat, it includes large-cap U.S. stocks such as Apple and Microsoft. The ETF is not a pureplay vegan fund but rather a beta exclusionary portfolio, excluding companies involved in animal testing, fossil fuels, and other non-ESG compliant activities. This results in a tech-heavy portfolio with underweight positions in healthcare and consumer staples. The ETF is essentially an ESG fund, with minimal exposure to companies like Beyond Meat.

What impact does the exclusion of certain sectors have on the ETF's portfolio?

What is the significance of ESG in the context of the vegan ETF?