RITA Merges Shariah Principals and Green Investing
December 10, 2021 at 17:00 PM EST
The passively-managed ETFB Green SRI REITs ETF ( RITA ) launched on NYSE Arca yesterday. The fund tracks and the index is composed of a portfolio of exchange-listed real estate investment trusts (“REITs”) in developed markets meeting the business, financial, socially responsible investing (“SRI”) criteria, and a number of green investing criteria. It screens out real estate operators that generate greater than 5% of their revenues from tenants that violate Islamic laws or do not have accreditations from a third-party environmental certification group.