Vanguard pulls over two dozen stocks from ethical ETFs including GEO Group

Via Seeking Alpha | Yoel Minkoff

29 stocks have been ejected from Vanguard ESG funds (ESGVVSGX) created to invest in companies with strong environmental, social and governance records.

They include GEO Group (NYSE:GEO), Sturm Ruger (NYSE:RGR), Yum Brands (NYSE:YUM), GlaxoSmithKline (NYSE:GSK), News Corp (NASDAQ:NWSA) and Fox (NASDAQ:FOXA).

There was an “issue in the screening methodology used by our benchmark provider, FTSE Russell,” Vanguard said in the letter. “We sincerely regret the error occurred.”

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this:
search previous next tag category expand menu location phone mail time cart zoom edit close