State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX)
State Street SPDR S&P 500 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 $63.23, up 0.56% on the session, giving a market capitalisation of $2.83B. Its beta of 1.01 implies it has historically moved more than the broad market.
This State Street SPDR ETF aims to deliver investment returns that broadly match the total performance of the S&P 500 Fossil Fuel Reserves Free Index, before accounting for its operational costs. It is designed for environmentally-conscious investors seeking to integrate their values into their core investment strategy by divesting from S&P 500 companies holding fossil fuel reserves. For those wishing to remove fossil fuel exposure from their portfolio, this fund presents an effective alternative to standard S&P 500 investments. Crucially, like its broader S&P 500 counterpart, this ETF's benchmark is centered on major U.S. large-capitalization equities.
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF is most often compared with the following Financial Services names: