Does The Anti-Woke MAGA ETF Inadvertently Make The Case For ESG?

The anti-woke ETF MAGA picks U.S. firms that give to Republicans. MAGA’s firms tout their ESG credentials, benefit from large subsidies but also pay out hefty fines for stakeholder violations. MAGA has lagged the S&P 500 suggesting that treating stakeholders well can also increase shareholder value.