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.
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