As the growing impact of climate change is felt in daily life, eToro’s XtremeWeather portfolio offers exposure to companies resilient to severe weather events.
Key Takeaways
- The XtremeWeather portfolio is formed of 30 stocks from various industries, including renewable electricity, industrial machinery and gas.
- Thousands of stocks were analyzed and rated according to various criteria, including market capitalization, ESG scores and analyst ratings.
- The minimum investment is $500.
Past performance is no guarantee of future results.
How It Works
The allocation strategy involves an even distribution across all 30 stocks, spreading risk while reflecting the unpredictable nature of weather events and the influence of new government policies.
Users can track the portfolio’s performance on the eToro platform, which features interactive charts and a social feed for sector news.
Portfolio rebalancing will occur annually or as necessary for optimal performance.
“The opportunity to climate-proof their portfolios”
Dani Brinker, Head of Investment Portfolios at eToro, commented: “2023 will be remembered as the year of climate change. From the effects of El Niño in Australia to the floods in Italy and the wildfires in Maui, almost no continent has been immune.”
Brinker went on to say: “With the global climate conference, COP28, around the corner, we wanted to offer retail investors the opportunity to climate-proof their portfolios and diversify into industries that will help rebuild our cities, communities, and surrounding wildlife after these extreme climate events.”
About eToro
eToro is a popular social trading platform. It has over 25 million users and holds licenses from trusted regulators, including the Cyprus Securities & Exchange Commission (CySEC) and the UK Financial Conduct Authority (FCA).
The beginner-friendly platform is available directly through web browsers and a dedicated mobile app. It houses a powerful charting package, an active social community and useful extras like market research.
New traders can open an eToro account with a $50 minimum deposit.
