Here's why you might find stocks like Microsoft in ESG-friendly ETFs $MSFT $SUSL (via ETFEdgeCNBC)
"That's a big factor of ESG, and the social awareness and being able to make your employees happy makes your clients happy, which makes for a better company," Eskandar said.
Armando Senra, BlackRock's head of U.S., Canada and Latin America iShares, said in the same "ETF Edge" interview that there's a process behind his firm's inclusion of these companies in its ESG-focused ETFs. "We tend to have ESG, the core of the ESG portfolio, ... closely tracking the index, and we're just optimizing for ESG factors," Senra said.
In SUSL, iShares' large- and mid-cap ESG fund, "we have higher tracking against the index, but [also] higher ... sustainable scoring for the portfolio," he said. In other words, just because Microsoft's market cap is colossal enough to secure it a top spot in a market-cap-weighted index, that doesn't excuse it from being scored rigorously based on ESG criteria."This started a lot stronger in Europe, but the speed is catching up here in the U.S. as well. SUSL ... [has] been the largest ETF offering in 50 years. We raised [$]850 million," he said Monday. "So, the money's coming in.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bill Gates says he retired from Microsoft nearly a decade earlier than he intended—here's why'If you'd have asked me in my twenties if I'd ever retire early from Microsoft, I'd have told you that you were crazy,' says Bill Gates, who ended up leaving Microsoft nearly a decade earlier than he intended.
Read more »
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »
Here's why Jay Leno once took a 50% pay cutHere's why the former Tonight Show host said it was 'no problem' taking a 50% pay cut to save his loyal staff.
Read more »
Why Holly Willoughby and Philip Schofield will be missing from This Morning on MondayHolly Willoughby and Phillip Schofield will be missing from This Morning on Monday – here's the reason why…
Read more »
Why You Should Have Seen That Grey's Anatomy Premiere Twist ComingOne Grey's Anatomy doctor is pregnant after the season 16 premiere. Here's why you should have see the surprise coming — and its full backstory.
Read more »