Exxon activist investor shakes up USD 6.5trn ETF market

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.


Impact investment group Engine No. 1 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.

Instead of excluding companies with bad scores in environmental, social and governance metrics, or handing "good" companies a bigger weighting, the fund aims to encourage better behavior using its shareholder voting rights.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

OP's AUM growth slows down slightly in Q2

OP Financial Group's mutual funds' AUM increased in Q2, though at a slower pace than in Q1. For the first half year of 2021 as a whole, the bank's mutual funds have attracted more than 100,000 new unitholders.

Further reading

Related articles

Trial banner

Latest news

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch