##  [# Daily ETF Watch: Another Eco Fund Looms](/sections/daily-etf-watch/daily-etf-watch-another-eco-fund-looms) 

 

# Daily ETF Watch: Another Eco Fund Looms

 

 

ETFis plans to launch a ‘fossil-free’ ETF.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 Apr 20, 2015

 Edited by: Heather Bell

 

 

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[ETF Series Solutions recently filed paperwork](https://www.sec.gov/Archives/edgar/data/1540305/000089418915001870/ess-ffi_485a.htm) on a domestically focused ETF that excludes many—if not most—of the world’s leading energy companies. The FFI U.S. Large Cap Fossil Free ETF will track a modified market-cap-weighted subset of the stocks of the S&amp;P 500 Index.

FFI Advisors is the fund’s investment advisor, and its parent company Fossil Free Indexes provides the fund’s underlying index. It also maintains the Carbon Underground 200, a list of the world’s top 200 coal, oil and gas companies, selected and ranked by their reported reserves’ carbon emissions.

The ETF’s underlying index screens out any S&amp;P 500 components included in the Carbon Underground 200. From there, the index’s components are weighted by market capitalization, with individual weights capped at 1.25 percent of the index.

There’s been a small resurgence in interest in funds focusing on carbon emissions and fossil fuels after two leading ETF providers—BlackRock’s iShares and State Street Global Advisors—each rolled out low-carbon funds that are based on the same MSCI index.

The benchmark underlying the [SPDR MSCI ACWI Low Carbon Target ETF (LOWC)](https://www.etf.com./LOWC) and the [iShares MSCI ACWI Low Carbon Target ETF (CRBN](https://www.etf.com/CRBN)) reweights the stocks of the MSCI ACWI according to their carbon emissions, lending greater weight to companies with lower emissions. They have $93 million and $151 million in assets under management, respectively.

The ETFis filing did not include a ticker or an expense ratio.



 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


 Related Topics  [Blackrock](http://www.etf.com/topics/blackrock) 

 [Broad-based](http://www.etf.com/topics/broad-based) 

 [Equity](http://www.etf.com/topics/equity) 

 [Global](http://www.etf.com/topics/global) 

 [iShares](http://www.etf.com/topics/ishares)