Tag Archives: S&P 500 ESG Index

ESG: Why Not? Insignificant Alpha Observed between the S&P 500 ESG Index and the S&P 500

Does the S&P 500® receive a premium over the S&P 500 ESG Index? Absent a premium from the S&P 500, investors could have their cake and eat it too with the S&P 500 ESG Index: similar or better performance, along with the benefits of ESG. Academic literature suggests no sin stock premium over their non-sin Read more […]

Why Facebook Was Dropped from the S&P 500® ESG Index

When the S&P 500 ESG (Environmental, Social, and Governance) Index underwent its annual rebalance after markets closed on April 30, 2019, several notable companies were removed, including Wells Fargo, Oracle, and IBM. However, the largest component to be dropped was Facebook. A day before its exclusion, Facebook held a weight of 2.5% in the S&P Read more […]