Carbon Bubble
Exxon Activist Investor Shakes Up $6.5 Trillion ETF Market
After the victory over Exxon, the tiny investment firm is launching its first ETF with a new twist on green investing.
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Not content with roiling a major oil company and sending shock waves through the market, Engine No. 1 is looking to kick start a mini-revolution in how trillions of dollars of passive cash engages with Corporate America.
The impact investment group is gearing up to launch its first exchange-traded fund, called the Engine No. 1 Transform 500 ETF. The clue as to how it hopes to shake things up? It’s in the ticker: VOTE.