Seeking Alpha

Vanguard pulls over two dozen stocks from ethical ETFs

|About: Vanguard ESG U.S. Stock ETF (ESGV)|By:, SA News Editor

29 stocks have been ejected from Vanguard ESG funds (ESGV, VSGX) created to invest in companies with strong environmental, social and governance records.

They include GEO Group (NYSE:GEO), Sturm Ruger (NYSE:RGR), Yum Brands (NYSE:YUM), GlaxoSmithKline (NYSE:GSK), News Corp (NASDAQ:NWSA) and Fox (NASDAQ:FOXA).

There was an "issue in the screening methodology used by our benchmark provider, FTSE Russell," Vanguard said in the letter. "We sincerely regret the error occurred."

Subscribe for full text news in your inbox