PSX - Elon Musk's Tesla was removed from the S&P 500's ESG Index and two ETFs noticed

Elon Musk the CEO of Tesla (TSLA) has watched his EV company get tossed out of the S&P 500's ESG Index and two exchange traded funds that have taken notice are the Xtrackers S&P 500 ESG ETF (NYSEARCA:SNPE) and the SPDR S&P 500 ESG ETF (NYSEARCA:EFIV). SNPE and EFIV cumulatively manage more than $1.2B of investor capital and are the only two exchange traded funds on the market that track the S&P 500's ESG Index. ESG focused names have made no difference in 2022 when it comes to how SNPE and EFIV compared against the benchmark mirrored S&P 500 fund Vanguard S&P 500 ETF (NYSEARCA:VOO). In 2022 all three funds are -17.6%. SNPE and EFIV however are slightly more expensive with a 0.10% expense ratio whereas VOO has a ratio of 0.03%. While TSLA was the headliner name that was removed from the ESG index, other household names got the boot as

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Elon Musk’s Tesla was removed from the S&P 500's ESG Index and two ETFs noticed