Six Months Into 2024, This Vanguard ESG Fund Trailed the S&P 500. But Don't Panic If You Own It.
If there's one thing you can count on when investing, it's that markets will vary -- sometimes by a little and sometimes by a shocking and swift amount. In the first half of 2024, the stock market rallied strongly, with the S 500 gaining 14.5%.
However, some investors might have wanted an exchange-traded fund focused on environmental, social, and governance (ESG) issues as an alternative to the S And so they bought the Vanguard ESG U.S. Stock ETF (NYSEMKT: ESGV). For these investors, their gain in the first half of the year was a little shy of the S -- roughly 13.5%. If you were one of them, here's why you shouldn't worry about the Vanguard ESG fund's laggard performance.
Theory tells the world that investors are rational, but anybody who has put their money on the line knows this isn't completely true. Over short periods of time, Wall Street can do some pretty illogical and shocking things.
Source Fool.com