Listed Funds plans to create a new mutual fund, BAD, which will focus on companies Gambling, alcohol and drugs ■ The fund is established at a time when most of the investment world is turning to environmental and social funds
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While the investment world seems to be busy looking for moral investments, one stock market fund management company seeks to rake in profits through not very moral investments. Listed Funds Trust plans to create a passive mutual fund (ETF) called BAD, which will track an index of gambling, alcohol and drug companies (BAD in English), according to documents submitted by the company to the US Securities and Exchange Commission this week. , Developed by Thematic Investments, includes shares traded on the US stock exchanges as well as US certificates of deposit (ADR) and global certificates of deposit (GDR), both developed and emerging marketers. According to the documents, it will include companies with a maximum source …
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