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Dozens of ‘ESG Companies’ Have 'Creeping Exposure' to Crypto
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At least 52 companies that fall under the ESG (environmental, social and governance) umbrella of the major stock index provider MSCI have “creeping exposure to cryptocurrency,” an analysis by the firm has found.
Combined, the 52 companies make up about USD 7.1trn in market capitalization, or about 6.6% of the total market capitalization covered by MSCI ESG Research, with many of them gaining exposure “passively and unintentionally,” the analysts said.
They went on to say that some institutions may have more exposure to crypto risk “than they realize.”
“Equity investors – even those with significant reservations about the highly volatile asset class – may be faced with ‘creeping’ cryptocurrency exposure. This can occur when newly listed
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