ESGU - ESGU: Pretty Much A Core S&P 500 Fund
2024-06-25 07:54:45 ET
Summary
- iShares ESG Aware MSCI USA ETF offers exposure to ESG-friendly US stocks, selected based on ESG ratings and negative screening criteria.
- ESGU holdings overlap with S&P 500, raising questions about differentiation despite ESG criteria integration.
- ESGU competes with other ESG-themed ETFs, but may not offer significant differentiation in performance or sector composition compared to broader market proxies.
I’ve been public in the past expressing my concerns over the “ESG movement,” but that’s not to say it isn’t worth exploring as an investment thesis. Social, environmental and governance issues remain at the forefront of institutional mandates, and as a good investor, you always want to think about where the money is going. If you believe that ESG-labeled companies have a chance at outperforming non-ESG companies, then you may want to consider the iShares ESG Aware MSCI USA ETF ( ESGU ). This ETF gives investors exposure to ESG-friendly large- and mid-cap US stocks....
ESGU: Pretty Much A Core S&P 500 Fund