State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (EEMX)
State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $52.55, up 1.61% on the session, giving a market capitalisation of $129.8M. Its beta of 1.17 implies it has historically moved more than the broad market.
This State Street SPDR ETF, EEMX, is engineered to mirror the total return performance of the MSCI Emerging Markets ex Fossil Fuels Index, net of all associated fees and expenses. Notably, it is the first exchange-traded fund of its kind to target emerging markets while completely excluding companies with fossil fuel reserves. EEMX provides climate-conscious investors with exposure to emerging market equities, deliberately sidestepping businesses involved in fossil fuel extraction or ownership. Consequently, for those aiming to minimize fossil fuel reserve exposure within their investment portfolios, EEMX offers a compelling alternative to traditional emerging market index investments.
State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF is most often compared with the following Financial Services names: