Thanks Steve, the SPX ESG index, I'm seeing that now. This is
what I mean about news, the headline grabs attention that it got
kicked out of the SPX, then looking closer it is the ESG.
Interesting details. Doesn't change anything for me or my strategy
with indexes. A big yawn with all this stuff:
What's the difference between S&P 500 and S&P 500
ESG?
The major differences between the two indexes were
the S&P 500 ESG index was skewed towards firms with
higher environmental, social, and governance (ESG) scores and had a
higher concentration of technology securities than the S&P 500
index.
Well I learned something this morning, never even heard of the
ESG index before today. I can see why Elon is upset about being
removed from it, look at the definition. He definitely doesn't make
the "social" grade, though I thought the environmental part is what
the company was all about? What a waste of "energy" digging into
all this. Confirms for me again why I don't bother.
Thanks Steve, the SPX ESG
Cathie Wood Loads Up $2.7M In Tesla On Day Shares ...
Posted by fundamentalvalues on 28th of Dec 2022 at 08:43 am
Thanks Steve, the SPX ESG index, I'm seeing that now. This is what I mean about news, the headline grabs attention that it got kicked out of the SPX, then looking closer it is the ESG. Interesting details. Doesn't change anything for me or my strategy with indexes. A big yawn with all this stuff:
https://www.cnbc.com/2022/05/18/why-tesla-was-kicked-out-of-the-sp-500s-esg-index.html
cnbc.com
Why Tesla was kicked out of the S&P 500's ESG index
The S&P said that Tesla's "lack of a low-carbon strategy,"Â and "codes of business conduct"Â affected the company's score.
What's the difference between S&P
Posted by fundamentalvalues on 28th of Dec 2022 at 08:51 am
What's the difference between S&P 500 and S&P 500 ESG?
The major differences between the two indexes were the S&P 500 ESG index was skewed towards firms with higher environmental, social, and governance (ESG) scores and had a higher concentration of technology securities than the S&P 500 index.
Well I learned something this morning, never even heard of the ESG index before today. I can see why Elon is upset about being removed from it, look at the definition. He definitely doesn't make the "social" grade, though I thought the environmental part is what the company was all about? What a waste of "energy" digging into all this. Confirms for me again why I don't bother.
lol
Posted by fredsaid on 28th of Dec 2022 at 08:55 am
lol