In a week in which BlackRock swore off coal stocks, attention is growing on companies that meet so-called environmental, social and governance criteria.
Investing in these stocks is so trendy that U.S. flows into such funds nearly quadrupled last year.
Those flows however still haven’t skewed valuations.
Nicolas Rabener, a managing director at FactorResearch, examined exchange-traded funds with ESG screens.
Top stocks in these funds include Microsoft