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RIG

One of the biggest stories from the second quarter of the year was the Deepwater Horizon oil spill which continues to contaminate the Gulf of Mexico. As embattled oil giant BP prepares to finally seal off the well, the focus moves from containment to blame which has put a variety of companies in the spotlight of both the government and shareholders. In addition to shaving close to $70 billion off of BP’s market cap, the disaster has put the oil service industry into focus with companies growing increasingly concerned over the extent of an offshore drilling ban as well as their costs for the cleanup of the spill [also see Uncertain Future For Energy ETFs]. [click to continue…]

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Socially responsible investing is by no means a new concept; mutual funds that limit holdings deemed to companies deemed to be good corporate citizens have been around for nearly 40 years. Socially responsible or “sustainable” investing has been slow to make its way into the ETF industry, but there are signs of that changing; last week ESG Shares launched its North America Sustainability Index ETF (NASI). Meanwhile, two funds from iShares, the FTSE KLD Select Social Index Fund (KLD) and FTSE KLD 400 Social Index Fund (DSI), now have more than $200 million in aggregate assets. [click to continue…]

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