Socially responsible ETFs invest in the equity of companies that consider financial returns as well as social good. The term 'socially responsible' is used broadly to cover principles such as company ethics, environmental friendliness and human rights.
With 71 ETFs traded in the U.S. markets, Socially Responsible ETFs gather total assets under management of $7.35B. The average expense ratio is 0.45%. Socially Responsible ETFs can be found in the following asset classes:
- Fixed Income
The largest Socially Responsible ETF is the iShares MSCI KLD 400 Social ETF DSI with $1.19B in assets. In the last trailing year, the best performing Socially Responsible ETF was the BOSS at 27.94%. The most-recent ETF launched in the Socially Responsible space was the Impact Shares NAACP Minority Empowerment ETF NACP in 07/18/18.