Funds that promise environmental, social or governance improvements are a strange bunch: They hold more in technology stocks than the wider market, but are underweight Apple, Amazon.com and Facebook, three of the biggest.
They hold far less in oil companies than the norm, but are overweight Baker Hughes, a vital supplier of oil-drilling equipment and services. Starbucks, a small fry in the S&P 500, is the fifth-most popular stock with U.S. ESG funds classed as buyers of large companies. Meanwhile, electric-car maker Tesla...
2020-02-23 13:03:00Z
https://www.wsj.com/articles/esg-funds-mostly-track-the-market-11582462980
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