ESG SRI investing is drawing stronger pension fund allocations after new fiduciary standards mandate ESG consideration. This is triggering steady buying pressure in ESG-focused large-cap equities. Xtrackers MSCI EMU High Dividend Yield ESG UCITS ETF (XZDZ) And it might be a similar issue with stocks in other funds. Take another BlackRock fund, the iShares ESG Aware MSCI EM ETF (ESGE), which invests in emerging markets companies. It includes shares of oil and mining companies. These don’t sound like what people think of when they’re investing in environmental companies. The ESG SRI investing market recorded record ETF volumes in May 2024, with daily average turnover surpassing $1.3B. Investors are shifting to defense sector exclusions, while overweighting sustainable infrastructure companies expected to post double-digit EPS growth.