Morgan Stanley not too long ago stated that ESG would be the defining acronym of the subsequent decade, more likely to dominate monetary markets through the 2020s.
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This week the S&P 500 ESG index underwent its annual rebalance and reconstitution, which means there might be some shuffling in sustainability-focused funds that monitor the index.
In an announcement S&P Dow Joes Indices stated the change consists of including Tesla to the ESG index, after the corporate was added to the benchmark index on the finish of 2020.
Forward of the reshuffling, Financial institution of America appeared on the shares mostly held in ESG funds.