NEW Vanguard funds - Sustainable
Discussion
Looks like 4 new Sustainable (Active) funds recently launched from Vanguard. Might be worth a look for those wanting sustainable investing..
https://www.ftadviser.com/investments/2021/12/08/v...
https://www.ftadviser.com/investments/2021/12/08/v...
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hstewie said:
hstewie said: I had a look at those.
Maybe I have a different definition of sustainable to Vanguard but Raytheon and Northrop Grumman in the top holdings?
Armour piercing ammunition is made from the waste product of nuclear fuel enrichment.Maybe I have a different definition of sustainable to Vanguard but Raytheon and Northrop Grumman in the top holdings?
Essentially it's taken from our environment, and fired all over someone else's environment
anonymous said:
[redacted]
Wellington have managed some Vanguard active funds for a while (I think they manage more in the US).The Balanced fund already existed and has been renamed but there are a couple of new funds that didn't exist before.
Go here and scroll down to SustainableLife.
https://www.vanguardinvestor.co.uk/what-we-offer/a...
98elise said:
bhstewie said:
hstewie said: I had a look at those.
Maybe I have a different definition of sustainable to Vanguard but Raytheon and Northrop Grumman in the top holdings?
Armour piercing ammunition is made from the waste product of nuclear fuel enrichment.Maybe I have a different definition of sustainable to Vanguard but Raytheon and Northrop Grumman in the top holdings?
Essentially it's taken from our environment, and fired all over someone else's environment
I am slightly skeptical about 'sustainable' and 'ESG' funds in general, not sure if there is much consistency on determining sustainable investments. It's feels rather fashionable and current for firms to throw about the terms to appease investors.....and the regulators.
That said, I do use a Vanguard ESG fund in my work pension....primarily as its one of the cheapest options available.
That said, I do use a Vanguard ESG fund in my work pension....primarily as its one of the cheapest options available.
Edited by VR99 on Saturday 18th December 12:55
DonkeyApple said:
98elise said:
Armour piercing ammunition is made from the waste product of nuclear fuel enrichment.
Essentially it's taken from our environment, and fired all over someone else's environment
Yes but depopulation is seen by many as an environmental need. Essentially it's taken from our environment, and fired all over someone else's environment
bhstewie said:
hstewie said: I had a look at those.
Maybe I have a different definition of sustainable to Vanguard but Raytheon and Northrop Grumman in the top holdings?
Presumably those were the main holdings before it rebranded?Maybe I have a different definition of sustainable to Vanguard but Raytheon and Northrop Grumman in the top holdings?
Pretty sure they are on a glide path to ESG rather it being that one day 1.
VR99 said:
I am slightly skeptical about 'sustainable' and 'ESG' funds in general, not sure if there is much consistency on determining sustainable investments. It's feels rather fashionable and current for firms to throw about the terms to appease investors.....and the regulators.
That said, I do use a Vanguard ESG fund in my work pension....primarily as its one of the cheapest options available.
It's a neat way for people to sidestep the practical inconvenience of altering their own consumption behaviours, by abdicating their responsibility for "doing good" to a set of subjective and overly simplistic guidelines.That said, I do use a Vanguard ESG fund in my work pension....primarily as its one of the cheapest options available.
Edited by VR99 on Saturday 18th December 12:55
And for the industry, it's a lucrative gravy train for the fund managers who can charge extra for making arbitrarily constrained investment decisions, and the advisors continually coming up with new benchmarks for a problem that they'll never solve as long as someone's paying them to try and solve it. Meanwhile the companies themselves will still exist and get snapped up by value investors and private equity firms, and the ESG factor by its nature just ends up being a momentum tracker anyway.
Edited by NowWatchThisDrive on Saturday 18th December 16:56
Edited by NowWatchThisDrive on Saturday 18th December 16:57
NowWatchThisDrive said:
It's a neat way for people to sidestep the practical inconvenience of altering their own consumption behaviours, by abdicating their responsibility for "doing good" to a set of subjective and overly simplistic guidelines.
And for the industry, it's a lucrative gravy train for the fund managers who can charge extra for making arbitrarily constrained investment decisions, and the advisors continually coming up with new benchmarks for a problem that they'll never solve as long as someone's paying them to try and solve it. Meanwhile the companies themselves will still exist and get snapped up by value investors and private equity firms, and the ESG factor by its nature just ends up being a momentum tracker anyway.
I may have met someone more cynical than myself! But I'll use it constructively. If I were to invest in a 'sustainable' fund it would not be for virtue signalling purposes, it would be for profit. Profit from the wokes who pay over the odds for anything with 'sustainable micro-plastic friendly eco electric' on the pack And for the industry, it's a lucrative gravy train for the fund managers who can charge extra for making arbitrarily constrained investment decisions, and the advisors continually coming up with new benchmarks for a problem that they'll never solve as long as someone's paying them to try and solve it. Meanwhile the companies themselves will still exist and get snapped up by value investors and private equity firms, and the ESG factor by its nature just ends up being a momentum tracker anyway.
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