MarketWatch: "The anti-Cathie Wood ETF has landed. Here’s how it’s doing so far"

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MarketWatch: "The anti-Cathie Wood ETF has landed. Here’s how it’s doing so far"

Excerpt from MarketWatch quoting DataTrek co-founder Jessica Rabe:

…. “A recent note from the folks at DataTrek highlights that investing based on environmental, social and governance, or ESG, is gathering momentum. On top of that, a number are outperforming the benchmark S&P 500 index on a year-to-date basis, notes DataTrek’s Jessica Rabe.

The iShares MSCI USA ESG Select ETF SUSA, -0.97% was up 26.5% in the year to date, the iShares ESG MSCI USA Leaders ETF SUSL, -1.07% was up 28.25%, and the iShares MSCI KLD 400 Social ETF DSI, -1.02% was up 28.5% so far in 2021. That compares with a 24% gain for the S&P 500 and a 17.6% gain for the Dow Jones Industrial Average DJIA, -1.48%.

Rabe notes that on average, those funds, even factoring the iShares ESG Aware MSCI USA ETF ESGU, -0.92%, up 23.7%, are outperforming the S&P by more than 3 percentage points YTD.

Rabe cautions, however, that ESG isn’t the only reason why these funds are outperform and advises that investors pore over the composition of the funds, which can have heavy tech weightings. They also tend to own a lot of the same top names”….

Read the full article here on MarketWatch!