ESG funds in Europe now actually have to invest in ESG
esgstuff.substack.com
If I held shares in an “S&P 500” exchange-traded fund, it would surprise me if the investment manager allocated any less than 100% of my assets to the S&P 500, and not, say, Indian stocks, or American bonds. Yet this is not necessarily the case for funds branded as ESG, or sustainable. A cursory browse of ESG funds on my brokerage account reveals that ExxonMobil, an infamous oil major and frequent target of environmental activists, is the 7th largest holding of the second result,
ESG funds in Europe now actually have to invest in ESG
ESG funds in Europe now actually have to…
ESG funds in Europe now actually have to invest in ESG
If I held shares in an “S&P 500” exchange-traded fund, it would surprise me if the investment manager allocated any less than 100% of my assets to the S&P 500, and not, say, Indian stocks, or American bonds. Yet this is not necessarily the case for funds branded as ESG, or sustainable. A cursory browse of ESG funds on my brokerage account reveals that ExxonMobil, an infamous oil major and frequent target of environmental activists, is the 7th largest holding of the second result,