End the duopoly

Virtue signalling ETFs: religion, veganism and marijuana used to tap trends

Many exchange traded funds — collections of stocks that track an underlying index — have moved beyond traditional global indices to instead converge around an ever-wider variety of given themes. A growing number of thematic ETFs now aim to tap into long-term structural trends such as changing consumer tastes or technological innovation, or market themselves to a particular group. There are many colourful examples. The Horizons Marijuana Life Sciences Index was the world’s first […]

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