State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX)
State Street SPDR MSCI EAFE 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 $56.22, up 0.35% on the session, giving a market capitalisation of $516.3M. Its beta of 0.98 implies it has historically moved less than the broad market.
The State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) strives to achieve investment outcomes that generally align with the overall performance of the MSCI EAFE ex Fossil Fuels Index, before accounting for fees and operational costs. Notably, it is the first exchange-traded fund to offer exposure to international developed markets while screening out companies that hold fossil fuel reserves. This fund is designed for climate-aware investors, providing access to international equities with a deliberate limitation on investments in entities owning fossil fuel reserves. Consequently, EFAX presents a unique option for those looking to reduce their portfolio's fossil fuel reserves footprint, serving as an alternative to conventional international developed market exposures.
State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF is most often compared with the following Financial Services names: