- by William Baldwin William Baldwin is Forbes’ Investment Strategies columnist.

Bigelow Tea has designated itself a “benefit corporatio­n,” one that purports to have the interests of society and the environmen­t in mind as much as those of profit-grasping shareholde­rs. Smart move, given that socialists are on the warpath. You can’t buy shares of Bigelow, but you can tilt to companies that apply a protective layer of “stakeholde­r” talk over their affairs. In the Forbes ranking of socially conscious exchange-traded funds, the leader in cost efficiency is Xtrackers MSCI USA ESG Leaders Equity; holdings include Microsoft, Alphabet and Walt Disney. Vanguard’s environmen­t-social-governance fund is almost as cheap.

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