A Closer Look at Vanguard Global ESG Select Stock
The fund looks promising, but there's no reason to rush to invest during the subscription period.
Sustainability Matters
Mentioned: Visa Inc (V)
, Vanguard FTSE Social Index Inv (1100114547)
, Microsoft Corp (MSFT)
, Novartis AG (NVS)
, Vanguard Global Wellington Investor (VGWLX)
, Vanguard ESG International Stock ETF (VSGX)
, Vanguard ESG US Stock ETF (ESGV)
You know that sustainable investing has entered the mainstream when Vanguard steps up its game.
In September, the firm launched two exchange-traded funds, Vanguard ESG U.S. Stock ETF (ESGV) and Vanguard ESG International Stock ETF (VSGX). The two have already grown to $417 million and $270 million in assets, respectively. I commented on the funds here. The firm had been in the ESG space for years with a single fund: Vanguard FTSE Social Index (VFTSX) launched in 2000, has $5.6 billion in assets, and earns a Morningstar Analyst Rating of Silver.
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Jon Hale does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.