(September 2020)
At its heart, ESG investing is about risk mitigation. While morality is at the heart of the endeavor, ESG is an attractive investment for some people because it may screen out some risks while earning good returns. While climate change gets the bulk of attention within ESG, diversity is an increasingly important component in 2020. So how can investors specifically invest in companies who are making advances in the area of diversity? Here are three ETFs to consider. The first is the SPDR SSGA Gender Diversity ETF (ticker: SHE); secondly is the Pax Ellevate Global Women’s Leadership Fund (PXWEX). Both funds focus on companies with gender-diverse leadership teams and policies that support the empowerment of women in the workplace. Another fund, focused on racial diversity is the Impact Shares NAACP Minority Empowerment ETF (NACP), which invests in companies that are taking real action to fight for racial justice.
(New York)
FINSUM + Magnifi: We believe these topics could not be more fitting for the current socio-political environment, and these funds offer good exposure to this area. As these social issues become more mainstream, it seems likely that returns will follow, since these risks will start to play out in companies which are not advancing in these areas.
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