Did you see the other member organizations of the ETF? I think their definition of being "Socially Responsible" is highly suspicious. Here are the top 10 ticker symbols in that index according to the S&P indicies website:
https://www.spindices.com/indices/equity/sp-500-esg-index-us...
Microsoft Corp,
Apple Inc.,
Amazon.com Inc,
Johnson & Johnson,
JP Morgan Chase & Co,
Alphabet Inc C,
Alphabet Inc A,
Exxon Mobil Corp,
Visa Inc A,
Procter & Gamble
How Exxon Mobile and Amazon are "Socially Responsible" companies is beyond comprehension.
It's in comparison to weapons manufacturers, coal and oil companies, etc. A "less awful" index, if you will. If they were actually only including socially responsible companies the index would be useless, as it would be empty.
Why would it be empty? I can name several socially responsible companies like Blackbaud (software for non profits) and Docusign (sponsors save the rainforest initiatives)
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Why was it on there in the first place? It's hardly as if they just did an about-face that reversed their social standing.
Did you see the other member organizations of the ETF? I think their definition of being "Socially Responsible" is highly suspicious. Here are the top 10 ticker symbols in that index according to the S&P indicies website: https://www.spindices.com/indices/equity/sp-500-esg-index-us...
Microsoft Corp, Apple Inc., Amazon.com Inc, Johnson & Johnson, JP Morgan Chase & Co, Alphabet Inc C, Alphabet Inc A, Exxon Mobil Corp, Visa Inc A, Procter & Gamble
How Exxon Mobile and Amazon are "Socially Responsible" companies is beyond comprehension.
It's in comparison to weapons manufacturers, coal and oil companies, etc. A "less awful" index, if you will. If they were actually only including socially responsible companies the index would be useless, as it would be empty.
Why would it be empty? I can name several socially responsible companies like Blackbaud (software for non profits) and Docusign (sponsors save the rainforest initiatives)
Exxon Mobil?
I think this is valuable for those that wanted to track S&P 500 minus Facebook, which several commenters talked about previously.