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.
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.
Jon Hale has a position in the following securities mentioned above: VFTSX. Find out about Morningstar’s editorial policies.