- Analysis
- Barani Krishnan
- 6
SPDR Series Trust - SPDR S&P 500 ESG ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of large-cap companies. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It seeks to track the performance of the S&P 500 ESG Index, by using representative sampling technique. It does not invest in stocks of companies operating across tobacco products, controversial weapons, extraction of oil sands, assault weapons or small arms, military weapons, thermal coal extraction or electricity generation from thermal coal sectors. SPDR Series Trust - SPDR S&P 500 ESG ETF was formed on July 27, 2020 and is domiciled in the United States.