Ethical investing gets a bad rap
SRI funds not only make money, but you'll feel good about investing too.
Why are mortgages so expensive in Canada?
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Ratehub.ca
Ethical funds are a low-return, ineffectual way to invest your money — or so goes the common refrain. The numbers don’t lie: socially responsible investing (SRI) accounts for only about 2 cents of every dollar invested in retail mutual funds, according to The Globe and Mail’s Rob Carrick. Ethical funds, in the public mind, equal feeble funds.
But Carrick thinks ethical investing gets a bad rap, pointing readers to some SRI funds with returns as good as or better than standard funds. They may not be as high-stakes as the investment industry’s heavyweights, but they make money just the same, and they make you feel good to boot, whether by investing in small firms, channeling profit to micro-credit operations in developing countries, or simply by posting better-than-average returns on cash.
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I am looking for Canadian listed low cost SRI ETFs with good returns, passive, following a top Canadian index but excluding all fossil fuels, Nestle and other bottled water, tobacco and drug companies, and with a good daily turnover say 10k units.