To: chip who wrote (46258 ) 1/11/2022 1:10:23 PM From: Sun Tzu 1 RecommendationRecommended By
Respond to As I said before, I like it. In particular I like both the emphasis on transparency and the equal weighted global distribution. CTRU has handily beaten SPY, though it is way too early to tell.CTRU focuses on a company’s transparency in addition to the usual industry-based ESG screens. ARK believes transparency can enhance a company’s performance. The fund invests in 100 global companies that receive the highest transparency scores based on six Key Performance Indicators (KPIs): 1) Transparency Standards, 2) Terms, 3) Total Accountability, 4) Transparent Cost, 5) Truth, and 6) Trust. Additionally, these firms must not be engaged in any of the following industries: alcohol, banking, chemical, confectionary, fossil fuel transportation, gambling, metals & minerals, oil & natural gas, and tobacco. Eligible securities and ADRs must be US-listed and must maintain a 30-day moving average market capitalization of at least $1 billion. Holdings are weighted equally and are rebalanced on a quarterly basis. cnbc.com Just Capital, the ESG investing research specialist co-founded by hedge fund billionaire Paul Tudor Jones, ranks the top companies in the U.S. stock market on environmental, social and governance metrics. Alphabet is No. 1 in the 2022 JUST 100 ranking, moving up four places from last year and bumping rival Microsoft from the top spot. The list reflects the dominant position of tech companies in the market, but there’s a notable exception: Facebook, which dropped nearly 700 spots this year within the total universe of 1,000 stocks ranked, placing it far behind tech peers and even companies not typically seen as ESG leaders, including Exxon Mobil. The full list is in one of the links in the full article. These companies have really done well and not because of their ESG record but because what that record means for their culture and products. So I think Cathie is on the right track here.
