Excerpt from MarketWatch quoting DataTrek co-founder Jessica Rabe:
…. “What can we learn from these preferences? It’s hard to say but, as DataTrek co-founder Jessica Rabe pointed out in a research note out Tuesday, it’s pretty clear this cadre of individual investors, taken from account activity at online brokerage Robinhood, which is favored by millennials, isn’t prioritizing clean energy investments.
“The lack of environmental, social and governance (ESG) friendly names at the top of the Robinhood leaderboard contrasts with the notion that millennials will only back companies that align with those characteristics,” Rabe wrote. “For example, the number of accounts that invested in Ford has doubled since mid-March, while those for American Airlines, Delta and United grew by 8.7x, 9.7x and 14.2x respectively”….
Read the full article here on MarketWatch!