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ESG investing, maybe - cartoon

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  • There is now an etf for the anti-esg. It's called ORFN.

    https://www.etf.com/ORFN
  • edited June 2023
    WABAC said:

    There is now an etf for the anti-esg. It's called ORFN.

    It opened in May 2022, and closure/liquidation was announced last Friday due to "inability to attract sufficient investment assets."
  • ORFN has 52 holdings.
    So on average, each holding is weighted about 2%,
    Chevron (CVX) is 4.34% of the fund, i.e. roughly overweighted by 2x.

    iShares ESG Aware MSCI USA ETF (ESGU) has 304 holdings.
    So on average each holding is weighted about 0.33%.
    Chevron (CVX) is 0.65% of the fund, i.e. roughly overweighted by 2x.

    One purports to do bad, one purports to do good.
  • AndyJ said:

    WABAC said:

    There is now an etf for the anti-esg. It's called ORFN.

    It opened in May 2022, and closure/liquidation was announced last Friday due to "inability to attract sufficient investment assets."
    Thank you @AndyJ. If people are looking for stocks that were in the fund it wouldn't be hard to find them in other etfs.
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