A socially responsible ETF list would have to include all of those businesses that attempt to maximize the return for their investors while still doing some social good. This includes those companies that promote the health and wellbeing of the environment like renewable energy sources, along with consumer protection and human rights.
Business that are not on the list might be involved in alcohol, gambling, coal burning utility companies, tobacco, weapons, military, abortion, and the inverse ETFs which prey on the loss of an index in order to make a profit.
The current list of ETFs that claim to be socially responsible are North America Sustainability Index ETF (NASI), iShares KLD Select Social Index Fund (KLD), iShares KLD 400 Social Index Fund (DSI), iShares S&P Global Clean Energy Index Fund (ICLN), Environmental Technologies (ETFY), iShares Europe Asia pacific sustainability Index ETF (EAPS), and Claymore/MAC Global Solar Energy (TAN).
Included on the list are PowerShares Global Wind Energy (PWND), PowerShares WilderHill Progressive Energy Portfolio (PUW), PowerShares Water Resources (PHO), PowerShares WilderHill Progressive Transportation Portfolio (PTRP), PowerShares Global Clean Energy (PBD), PowerShares Cleantech Portfolio (PZD), PowerShares Global Water (PIO), and PowerShares WilderHill Clean Energy Portfolio (PBW).
Also on the list are First Trust ISE Global Wind energy (FAN), First Trust ISE Water (FIW), Market Vectors Solar Energy (KWT), Market Vectors Global Alternative energy ETF (GEX), iPath Global Carbon ETN (GRN), Elements CS Global Warming ETN (GWO), and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
When investing, do not be fooled by the name of the ETF. Each of these suggests they are socially responsible, but only a peek into the asset holdings will the true nature of their portfolio be found out.
When you are online banking and looking for the best investments, do not overlook a socially responsible ETF. List like the one above vary on the internet, but this one is the longest that has been compiled so far.
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