USXF: An ESG Fund That Holds A Whole Lot Of Nvidia
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The iShares® ESG Advanced MSCI USA ETF (USXF) is heavily weighted in Nvidia, raising concentration risk concerns despite a strong YTD return. The ETF focuses on high ESG score companies, avoiding controversial industries.
November 20, 2024 | 9:00 pm
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NEUTRAL IMPACT
Nvidia's 16.67% weighting in the USXF ETF highlights its importance in ESG-focused investments, but also raises concentration risk concerns for the ETF.
Nvidia's large presence in USXF indicates its strong ESG credentials, but also means the ETF's performance is closely tied to Nvidia's stock movements.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
USXF, an ESG-focused ETF, has a significant 16.67% weighting in Nvidia, raising concerns about concentration risk despite a strong YTD return of nearly 29%.
USXF's significant exposure to Nvidia could lead to volatility if Nvidia's stock experiences fluctuations. However, the ETF's strong YTD performance may offset some concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100