The lurches in technology stocks this week are sending a warning to environmental, social and governance-focused funds: Your former superstars may now weigh you down.
While the Nasdaq 100 Index rose for the first time in three days on Wednesday, it’s still down about 1.6% on the week. This will be felt through many ESG ETFs, since tech giants such as Apple Inc. and Microsoft Corp., with their relatively small impacts on the environment, are heavily represented in socially conscious portfolios.
