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Trackinsight: Technology shares continue to lift one of the largest ESG ETFs

09/24/2021 | 10:35am EDT

Investors who bought $10,000 of ESGU shares on inception would have turned their investment into $22,929 by September 23rd.

iShares ESG Aware MSCI USA ETF (ESGU), one of the largest ESG ETF in the world with $22.3 billions in assets continue to deliver investors’ financial goals while holding U.S. companies that have positive environmental, social and governance characteristics. Year-to-date, ESGU has posted 18% of positive returns and amassed around $6.1 bn of flows.

The fund was launched on December 1st 2016 and got an average ESG rating of “A” and a MSCI ESG Quality Score of 6.7/10 as of September 7. The fund’s good performance is attributed to the high exposure (~30%) to information technology shares, which witness larger growth on average. Its top holdings include Apple Inc. (5.92%), Microsoft (5.5%) and Amazon (3.76%). Investors who bought $10,000 of ESGU shares on inception would have turned their investment into $22,929 by September 23rd.

With more than $115bn of flows in 2021 alone, ESG investing is gaining traction and the trend will likely continue with rising social and environmental awareness among all stakeholders.

Find and compare over 7,000 ETFs with our free tools:

© www.trackinsight.com 2021
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