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Vanguard's New ESG Fund: 40 Stocks And A Marketing Plan

TedTed
in The Bullpen
FYI: (This is a follow-up article.)

Vanguard, the $5.3 trillion-in-assets behemoth that popularized index investing, announced it’s jumping on the ESG bandwagon. ESG strategies consider environmental, social and governance factors when choosing stocks and bonds. It’s Wall Street’s latest infatuation, since it appeals to a socially and environmentally conscious market.

Despite Vanguard’s long-standing tradition of passive investing, the Valley Forge company has filed for its first actively managed ESG fund, the Vanguard Global ESG Select Stock Fund, which will hold about 40 stocks and will be managed by Wellington Management.
Regards,
Ted
https://www.forbes.com/sites/jeffkauflin/2019/03/07/vanguards-new-esg-fund-40-stocks-and-a-marketing-plan/?ss=etfs-mutualfunds#4b5951db65c4

Vanguard Website:
https://pressroom.vanguard.com/news/Press-Release-VG-Files-For-Actively-Managed-ESG-Fund-030719.html
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