EFAX Profile
The
EAFE Fossil Fuel Reserves Free MSCI ETF SPDR (EFAX) is an
exchange-traded fund that tracks the performance of the MSCI EAFE ex
Fossil Fuels Index. The index is designed to provide exposure to
equity securities of companies in the MSCI EAFE Index, excluding those
involved in the production or distribution of fossil fuels. The MSCI
EAFE Index includes stocks from developed markets in Europe,
Australasia, and the Far East. The fund aims to provide investors with
exposure to companies in these markets while excluding those with
exposure to fossil fuels.
As of March 23, 2023, EFAX had a
total net asset value of $43.7 million and traded at a price of around
$28.07 per share. The fund has an expense ratio of 0.20%, which is
relatively low compared to other ETFs.
Investors looking for
exposure to international equities while also taking into account
environmental concerns may find EFAX to be a suitable option. By
excluding companies with exposure to fossil fuels, the fund seeks to
align investors' portfolios with their values, while still offering
exposure to developed market equities. However, investors should be
aware that this exclusion may result in a more concentrated portfolio
compared to other international equity ETFs. As with any investment,
it is important to conduct thorough research and consult with a
financial advisor before making any investment
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