Healthy 'HART' ETF: A Fresh Spin on ESG Funds

New York Life Investments’ Wong discusses her firm’s dual impact ETFs.

ESG is a controversial initialism these days. The three letters have gotten caught in the culture wars and as a result, ETF issuers are shying away from launching funds explicitly tied to environmental, social and governance factors. 

In this episode of Exchange Traded Fridays, etf.com senior analyst Sumit Roy and etf.com wealth management editor Jeff Benjamin sit down with Wendy Wong, Head of Sustainable Investment Partnerships with New York Life Investments, to discuss the IQ Healthy Hearts ETF (HART), as well as her firm’s other dual impact ETFs. 
 
New York Life Investment’s dual impact ETFs aren’t your typical ESG funds. They donate a part of their profits to non-profits that are working tangibly to address the themes that the ETFs invest in. 
 
Take the HART ETF. It invests in companies that are contributing to the fight against heart disease or promoting healthy lifestyles. At the same time, it donates money to the American Heart Association’s Social Impact Fund.