Scum funds?



Hi all,

I was looking for some good performing funds outside of classical MSCI World/EM realm and found initially lucrative fund for renewable energy

https://www.justetf.com/de-en/etf-profile.html?listId=6e288&isin=FR0010524777

"Great! 30% YTD", was my first reaction, the intention looks good, the index looks good BUT then I decided to check what are actual holdings (you can see it on Fondszusammensetzung tab)

https://www.lyxoretf.de/de/retail/products/equity-etf/lyxor-new-energy-ucits-etf-dist/fr0010524777/eur

Apple, Nestle, Alphabet… WTF?? Its' not new energy at all.

Shouldn't government somehow regulate this? Because for me it looks like scum to grab some people people with good intentions under words "clean energy"

Note for all of us: Check what actual fund holding are, they might be very different from index

submitted by /u/slonoff
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