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by TimTheTinker 14 days ago
Sure, or there are faith based ones now - I personally invest in PTL
1 comments

$PTL "screens" for:

* air quality

* environmental risk

* GHG emissions

* ecological impact

* product sustainability

https://www.inspireetf.com/screening

yet weights ExxonMobil, the 21st largest company:

https://companiesmarketcap.com/

as by far their 2nd largest holding:

https://www.inspireetf.com/etf/ptl

Oil/Gas/Petroleum is essential for our economy to function, and the line between "ethical" and "not ethical" is a dial (one among many that all need to be tuned together), not a switch.

$PTL/Inspire does not adjudicate "dial" ethical issues, just switches -- company practices/policies that it views as black-and-white good/bad. "It would be ethical if you produced N% less" doesn't fit that category.

They update ratings every year I think... there's a spreadsheet with before/after values for each company that you can download.
Most of the examples I provided are due to differing country codes; their site fails to recognize things like Alphabet trading on a Mexican stock exchange is still the same company: https://finance.yahoo.com/quote/GOOGL.MX/

$GOOGL.MX scoring differently than other $GOOGL listings makes me extremely skeptical that humans are diligently creating these scores (finance professionals should've recognized that secondary listings like $GOOGL.MX don't need their own scoring)

Scores on different exchanges may be due to varying behavior by international subsidiaries -- MSFT in Australia may be doing something objectionable that MSFT US does not do, for example. I'm not sure though.

What I think is more likely is that it's a dumb oversight in the web app and/or data - maybe an intern stubbed out international stocks and it got pushed to production