Invesco S&P/TSX Composite ESG Index ETF
ESGC (TSX)
The Invesco S&P/TSX Composite ESG Index ETF focuses on companies that meet environmental, social, and governance criteria within Canada. Despite a challenging performance, with a one-year return of -4.42% and a significant five-year decline of -75.37%, it holds strong analyst ratings, including a "Buy" from Citigroup and Jefferies, and an "Outperform" from Wells Fargo, signaling potential for recovery in the ESG space. Investors may find this ETF appealing as it aligns with sustainable investing trends while navigating recent market challenges.
Pros:
- Tracks ESG-screened index
- Potential for recovery in ESG investments
Cons:
- Negative returns over the past year
- No market cap data available
The Invesco S&P/TSX Composite ESG Index ETF (ESGC) may be suitable for investors seeking exposure to environmentally and socially responsible companies in Canada, despite its recent underperformance. While the ETF has faced significant declines over the past five years, its positive analyst ratings suggest it could be considered for those willing to take on higher risk in pursuit of potential recovery in the ESG sector.