##  [# Hot Reads: 2022 Leads to Differences in Growth & Value Indexes ](/sections/daily-hot-reads/hot-reads-2022-leads-differences-growth-value-indexes) 

 

# Hot Reads: 2022 Leads to Differences in Growth & Value Indexes 

 

 

 Plus, the backlash against ESG could be seeing its own backlash as pension funds weigh in.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 Mar 08, 2023

 Edited by: Heather Bell

 

 

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**[Growth &amp; Value ETFs’ Performance Diverge After S&amp;P Rebalance](https://www.ft.com/content/0fe77cc8-9ac2-49d3-993b-9bf3537f2861)** (Financial Times)  
 Reclassification of stocks such as Meta and Exxon did not happen across all index providers.

**[The Backlash Against ESG Faces Its Own Backlash](https://www.institutionalinvestor.com/article/b8xrfm5mtrrhxh/The-Backlash-Against-ESG-Faces-Its-Own-Backlash)** (Institutional Investor)  
 Pension funds in red states say culture-war policies are interfering with the market and could cost retirees and taxpayers billions.

**[Concentration Risks Hurting ESG ETFs More Than Political Attacks](https://www.bloomberg.com/news/articles/2023-03-07/concentration-risks-hurting-esg-etfs-more-than-any-political-attack-would?sref=MAODZZNF)** (Bloomberg)  
 ESG investing is highly institutional, so decisions by a handful of firms can have outsized effects.

**[Sustainable Funds Dodged Outflows in 2022 Market Rout](https://www.wsj.com/articles/sustainable-funds-dodged-outflows-in-2022-market-rout-c7147965?mod=Searchresults_pos3&page=1)** (The Wall Street Journal)  
 Bond funds that invest based on factors such as companies’ carbon footprints and workforce diversity led the gains.

**[GICS Changes Set to Impact S&amp;P 500 &amp; Sector ETFs](https://www.etfstrategy.com/gics-changes-set-to-impact-sp-500-and-sector-etfs-10339/)** (ETF Strategy)  
 The changes involve renewable energy companies, data processing firms and retailers.

**[What Europe’s Economy Needs Now](https://jheconomics.com/what-europes-economy-needs-now/)** (Jackson Hole Economics)  
 The U.S. Inflation Reduction Act should be seen as a wake-up call for Europe.

**[The Best Solution For Reducing Risk in Recession Risk Estimates](https://www.capitalspectator.com/the-best-solution-for-reducing-recession-risk-noise/)** (The Capital Spectator)  
 The value of combination forecasting in the current environment has rarely been higher.

**[New York’s Stock Markets Are Thrashing Hong Kong &amp; London](https://www.economist.com/finance-and-economics/2023/03/07/new-yorks-stockmarkets-are-thrashing-hong-kong-and-london)** (The Economist)  
 As it attracts more overseas listings, the Big Apple is getting bigger.

**[Facts Do Not Cease to Exist Because They Are Ignored](https://www.evidenceinvestor.com/facts-do-not-cease-to-exist-because-they-are-ignored/)** (The Evidence-Based Investor)  
 All the evidence says active management underperforms, but the investing industry routinely ignores that fact.



 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


 Related Topics  [Equity](http://www.etf.com/topics/equity) 

 [Smart-Beta](http://www.etf.com/topics/smart-beta) 

 [Value](http://www.etf.com/topics/value) 

 [Growth](http://www.etf.com/topics/growth) 

 [ESG](http://www.etf.com/topics/esg)