Due to a slowdown in emerging markets and softer output in the U.S., the World Bank downgraded its outlook for global economic growth this year, lowering its forecast by 0.2% to 2.8%. The bank expects growth of 3.3% in 2016.
With regards to the U.S., the World Bank decreased its 2015 prospects by 0.5% to 2.7%, saying a brutal winter sapped output in Q1 despite the economy now gathering steam.
The SPDR MSCI ACWI Low Carbon Target ETF (NYSEARCA:LOWC) will track an index of companies around the world with relatively slight carbon profiles, which are likely to increase in value over time.
"The MSCI ACWI Low Carbon Target Index is designed to address two dimensions of carbon exposure—carbon emissions and fossil fuel reserves. By overweighting companies with low carbon emissions relative to sales and per dollar of market capitalization, the Index aims to reflect a lower carbon exposure than that of the broad market," as stated in the fund's fact sheet.
The Barclays Return on Disability ETN (NYSEARCA:RODI) tracks a 100-stock index from the Donovan Group which include firms based on how they treat customers and employees with disabilities.
This is not the first socially responsible fund by Barclays; the Barclays Women In Leadership ETN (NYSEARCA:WIL), which launched in July, invests in companies that have a strong female presence in upper management.
Other ETFs focused on socially responsible investing: DSI, KLD, TOK, EQLT
The SPDR Barclays 0-5 Year TIPS ETF (SIPE) launches today and will offer investors short term exposure to the TIPS market; this space features a lot of competition.
The iShares Enhanced International Large Cap ETF (IEIL) and Enhanced International Small Cap ETF (IEIS) began their active strategy this morning and offer expense ratios of 0.35% and 0.49% respectively.
The PowerShares International BuyBack Achievers Portfolio (IPKW), like IEIL and IEIS, is based on a previously launched domestic strategy; the PowerShares BuyBack Achievers Portfolio (PKW).