Scientific Beta

The Business Times: "Another study from Ecole des Hautes Etudes Commerciales du Nord (EDHEC) has found that climate data points represent at most 12 per cent of determinants of portfolio stock weights in an average climate fund. For example, nine of the 10 largest holdings in the US$22.5 billion iShares ESG Aware MSCI USA ETF (Ticker: ESGU@US) are the same as the biggest-weighted companies that make up the S&P 500."

The Business Times 06/10/2021

"(...) Another study from Ecole des Hautes Etudes Commerciales du Nord (EDHEC) has found that climate data points represent at most 12 per cent of determinants of portfolio stock weights in an average climate fund. For example, nine of the 10 largest holdings in the US$22.5 billion iShares ESG Aware MSCI USA ETF (Ticker: ESGU@US) are the same as the biggest-weighted companies that make up the S&P 500. (...)"