The new ETF holds 115 stocks and its roster includes familiar names such as Walt Disney (NYSE: DIS), Apple Inc. (NASDAQ: AAPL) and Facebook (NASDAQ: FB).
ICAN targets themes such as education infrastructure, loans to small enterprises, farming, pollution control, renewable energy, access to healthcare, energy efficiency and clean water. Nine of the 11 GICS sectors are represented in ICAN with weights ranging from 1% to 19%. Industrials are the new ETF’s largest sector allocation. Apple is ICAN’s largest holding at 3.7%.
“The key to the SerenityShares Impact ETF is the innovative methodology it developed. Based on 20 core themes identified and defined by the firm, it focuses on activities that seek to benefit society or our planet—environmental stewardship, access to local healthcare, renewable energy, clean water, eldercare, education, community building, and access to libraries of information. The use of an ETF structure enables SerenityShares to offer Impact Investing in a liquid, transparent, tax efficient and easily accessible manner,” said SerenityShares.
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