A Value ETF Skips High Dividend Yields, Focuses on ESG, and Underperforms

Quick Read Nuveen ESG Large-Cap Value ETF (NULV) returned 54% over five years. The S&P 500 gained 79% in the same period. NULV holds 7.71% in Alphabet. This represents four times more than its next largest holding. NULV’s ESG screens limit energy exposure to 3.5% versus 8-10% in traditional value indexes. Investors rethink ‘hands off’ investing and decide to start making real money When large-cap growth stocks dominate headlines and valuations stretch, investors holding pure S&P 500 exposure fac ...