Opinions on the Vegan ETF?

[Helix]

@Alden

I am now considering investing into the Vegan ETF (VEGN), both to be more inline with my morals, and because I believe it’s a profitable market in the long run.

Profitable is not enough, it must also be cheap. It is unlikely that any of us have an information edge over the market in a whole market segment.

Reagrding investment in moral businesses:

Investment alternatives to high ESG

In this somewhat clickbaity video Ben Felix argues that ESG investing does not have any effect. And if it had, it would be the opposite of what was intended: [Is ESG Investing Counterproductive?] From my point of view there are 2 things: There is opportunistic capital trying to maximize returns acting as a buffer. High ESG companies don’t become less profitable (by having a higher and higher price), because opportunistic capital is leaving for low ESG companies (which therefore …

To make a long story short: Moral businesses can’t prosper or better themselves from your moral investment. The businesses in dire need of morals are sinful businesses.