JP Morgan American trust ditches stocks on ESG concerns

Tesla also dumped

clock • 2 min read
JP Morgan American trust has removed two stocks due to ESG concerns

JP Morgan American trust has removed two stocks due to ESG concerns

The £1.5bn JP Morgan American trust has ditched petrol and defence stocks as it increases its attention to ESG criteria, according to its half-year report.

The managers previously held Marathon Petroleum and Raytheon Technologies. However, JP Morgan said it has "recently made improvements to our ESG integration process and have incorporated new data points...

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