WealthBar launches Cleantech option for ethical investorsBy The IJ Staff | October 24 2017 01:30PM
WealthBar, a Vancouver-based robo-advisor, announced Oct. 24 that it recently began to offer a Cleantech option for investors. Clients can add a five percent Cleantech option to their portfolio by investing in the PowerShares PZD Portfolio.
“What’s good for the environment is also good for your portfolio,” says WealthBar CEO Tea Nicola. In the last three years, the Cleantech Portfolio has earned 60 per cent (17 per cent annualized), compared to the resource heavy TSX Composite’s 14 per cent (five per cent annualized).
Track record of performance
“We selected this portfolio very carefully because when we looked at socially responsible investments, many just weren’t as efficient as we would like,” Nicola says. “But the PZD Portfolio does effectively invest in cleantech and has a track record of performance. That’s why we’re offering a cleantech add-on to our existing portfolios. The world is gradually moving away from fossil fuels, and investors can now, too.”