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Alphabet was the most widely held stock for the largest ESG funds

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Visitors pass by the logo of Google at the high profile startups and high tech leaders gathering, Viva Tech, in Paris, France May 16, 2019.

Charles Platiau | Reuters

Funds that invest sustainably love tech companies – and Alphabet in particular.

MSCI studied the year end 2020 holdings of the 20 largest funds that invest based on environmental, social and governance considerations. These funds account for about 13% of total assets in ESG equity funds. They include active and index-based strategies.

The information technology sector of the S&P 500 accounted for the largest allocation in most funds, according to MSCI’s analysis. Funds’ holdings in these stocks ranged from 3.5% of their assets…



Source cnbc.com

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