[HN Gopher] Vatican urges Catholics to drop investments in fossi...
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       Vatican urges Catholics to drop investments in fossil fuels, arms
        
       Author : aloukissas
       Score  : 26 points
       Date   : 2020-06-18 22:27 UTC (32 minutes ago)
        
 (HTM) web link (www.reuters.com)
 (TXT) w3m dump (www.reuters.com)
        
       | thrown2020 wrote:
       | Impeach Gavin Newsom!
        
       | jawns wrote:
       | There is an easy way to do this, if you're so included.
       | 
       | The S&P 500 Catholic Values ETF is basically a drop-in
       | replacement for other ETFs that track the S&P 500. I started
       | buying it a few months ago.
       | 
       | https://www.globalxetfs.com/funds/cath/
       | 
       | Note that this ETF does not exclude oil companies like Exxon but
       | does exclude companies that manufacture weapons or engage in
       | other problematic activities.
       | 
       | Yes, there will of course be trade-offs between an ETF like VOO
       | or SPY that has a much larger presence in the market. But for
       | some people, they're willing to make that trade-off to divest
       | from holdings they consider problematic.
       | 
       | * Note: If you look at the top 10 holdings in CATH, you'll see
       | there are a bunch of tech companies, and they are certainly not
       | above reproof, in terms of their ethics. But I think many
       | socially conscious investors see a values-based fund or ETF, even
       | if imperfect, as better than nothing.
        
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       (page generated 2020-06-18 23:00 UTC)