“Where millennials lead, business and governments will follow,” the magazine said. Ruminant animals including cattle produce methane which contributes to global warming, while growing feedcrops for livestock leads to deforestation. In January, Caroline Lucas, the U.K. Green Party’s only Member of Parliament, called for a tax on meat to help the farming industry reduce its carbon emissions. ” So Tyson Foods Inc., the top U.S. meat processor, features in the benchmark index but is barred from the derivative.
So far this year, the Vegan index has delivered a total return of about 18%, which is three percentage points better than either the Solactive index or the S&P 500 index. Over a longer time horizon, its outperformance is even more marked. Brad Pappas started Rocky Mountain Humane Investing in 1995 in Boulder, Colorado. His Vegan Growth Portfolio excludes any company involved in animal testing, factory farming or using animals as entertainment, as well as those involved in extractive industries such as oil and gas.
That strategy has worked pretty well in the past five years. Capitalism, red in tooth and claw, may be about to go vegan. Mark Gilbert is a Bloomberg Opinion columnist covering asset management.
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