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The S&P 500 Gets an ESG Makeover — but It May Not Go Far Enough

Leslie P. Norton

An unnamed fund company is expected to announce plans for a new U.S.-traded exchange-traded fund based on a sustainable version of the S&P 500 index in the next month or two, Reid Steadman, global head of ESG at S&P Dow Jones Indices, tells Barron’s. S&P Dow Jones introduced the new index this week. The new index will target 75% of the traditional S&P 500’s market capitalization at the industry level.