In nearly all ESG funds META is weighted heavily and in their top 10 holdings.
Meta has been tearing apart families, friendships, and corroding democracies around the globe for about a decade now with algorithmically amplified misinformation, disinformation, and polarizing political content/ads.
They've been fueling the mental health crisis in children and teens with the addictive validation-chasing focus in their products. They use software patterns well known to mimic gambling and provoke anti-social engagement.
Their recent economy-shaking layoffs and subsequent stratospheric profits are hard to even focus on given their other bad behavior.
Meanwhile they are still a staple in ESG funds everywhere, including Vanguard’s ESGV.
This is just one company commonly listed in ESG funds. There are many others who have long lists of ongoing societal abuses on their resumes. All the while the expense ratios on these funds are dramatically higher than other index funds.
Do ESG fund managers have a plan to make these funds effective and cheaper or is this all just a money grab?
Submitted March 26, 2024 at 10:35PM by EncryptDN https://ift.tt/10YEzOy
