What is the Vanguard Ethically Conscious ETF (ASX:VETH)?

Vanguard’s Ethically Conscious Australian Shares ETF (ASX: VETH) is a diversified exchange-traded fund (ETF) that uses an ethical screen on the top 300 ASX-listed shares.

While the ETF underperformed the S&P/ASX 300 Index (ASX: XKO) in the past…