Don't tech no for an answer: Hidden gems are just as fashionable - and more ESG-savvy - than the FAANGs
Deep Dive into ESG - the tech sector
Nicolo Bragazza of Morningstar
As many analysis and commentators over the past few months have shown, a majority of funds labelled as ESG are not investing (or not only) in companies fighting climate change, developing solar panels or cleaning the oceans but rather in trending tech stocks such as Microsoft, Facebook and Alphabet.
As we can see from the graph below, among Morningstar indices, those labelled as 'sustainable' have higher tech exposures than their parent indices, with EM being the one with the highest difference...
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