AIM 09 Thematic ETPs - Stocks

Thematic ETFs provide exposures to narrowly-based stock portfolios whose stocks  are clustered with a specific purpose in mind  (e.g., industry (e.g., financials), social concern (e.g., ESG)). In doing so, individuals assume assume incremental risk exposure (i.e., residual risk) in the hope of higher return. 

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• Required reading​​

  • Environmental, social, and governance (ESG) funds

    • Boyd 20210125 Thematic ETFs can deliver significant losses FT

    • Johnson 20210221 ESG investment favors tax-avoiding tech companies FT

    • Mackintosh 20220125 ESG investing can do good or do well, but do not expect both WSJ

    • Johnson 20230324 Hundreds of funds to be stripped of ESG rating FT

    • Swink 20230327 Investors pull nearly $4bn from iShares ESG ETF in one day FT 

    • MSCI ESG ratings methodology - Executive summary December 2020

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• ​Lecture notes

  • Slides​

    • Support files:

      • Non-US stock ETFs.xlsx

        • VEA fact sheet.pdf​

        • IEFA fact sheet.pdf

        • VWO fact sheet.pdf

      • ​Sector ETFs.xlsx

      • SHE.xlsx

        • SHE fact sheet.pdf​