State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF

SPYX

Market cap $2.74B

The $85 billion listing last month of SpaceX, Elon Musk's aerospace, satellite communications and artificial intelligence company, was an important market event. The company's dual-class share structure, conferring disproportionate voting power on its founder, could be expected to serve as a template for the next wave of high-profile IPOs, with OpenAI and Anthropic expected to follow suit in the coming quarters.

With 13-F filing season now in the rear-view mirror, many retail investors now have a chance to see what the smart money (think billionaire hedge fund managers) have been up to in the first quarter.

ETFs offer diverse investment options, including niche interests, by tracking specific indices or sectors, and can be used for various investment strategies. SPDR® S&P 500 Fossil Fuel Reserves Free ETF allows tracking the S&P 500 excluding companies with fossil fuel reserves, appealing to ethical investors. SPYX is designed for long-term investors who want to avoid fossil fuel exposure, though it has slightly higher fees than standard index funds.

SPDR® S&P 500 Fossil Fuel Reserves Free ETF avoids companies with fossil fuel reserves, allowing investors to support a greener future without sacrificing exposure to large-cap US equities. Holdings of the SPYX ETF include environmentally conscious companies such as Apple, Microsoft, Amazon, Nvidia, and Alphabet. SPYX's sector breakdown is heavily weighted towards Information Technology, with a low percentage allocated to the Energy sector, highlighting its commitment to fossil fuel-free investing.