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US fund company launches high-risk sustainable investment ETF

A leveraged ETF from specialized US fund company Direxion is now available for high-risk bets on sustainability.

Photo: Czarek Sokolowski/AP/Ritzau Scanpix

"Eco-warriors now have an opportunity to place high-risk bets on their beliefs after the launch of a leveraged environmental, social and governance fund," the Financial Times reports.

According to the newspaper, fund company Direxion has launched a long-short ESG "leaders vs laggards" exchange traded fund. The fund will use derivatives to provide investors with 150 percent exposure to top-scoring ESG companies and 50 percent short exposure to the worst ESG-scoring companies in the MSCI USA ESG index.

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