And Now, Socially Conscious ETFs

New funds will focus on environmental technologies and companies with high environmental, social, and governance ratings.

By SHARE

Mutual-fund investors have plenty of options when it comes to socially screened funds. Not so for ETF investors (save for a couple of iShares offerings.) That may be about to change: New Hampshire fund family Pax World--a pioneer of SRI investing--is getting ready to launch three exchange-traded funds in this space: the sShares FTSE Environmental Technologies Index ETF, which will track 50 large alternative energy, water treatment, pollution control, and waste management companies worldwide; the sShares KLD Europe Asia Pacific Sustainability Index ETF, made up of companies with high environmental, social, and governance rankings; and the sShares KLD North America Sustainability Index ETF (here's the full filing.)