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In recent years, there has been a stark shift in how investors select their portfolio picks. Today, multiple criteria are used to select stocks. Yes, capital appreciation and dividends are great. Indeed, total returns are still the primary focus of investors. However, the social impact of the stocks one owns is growing increasingly important today.
Various institutional investors have implemented ESG-related mandates to their portfolios. And retail investors are jumping aboard this move.
Accordingly, companies like
Algonquin Power & Utilities Corp.(TSX:AQN)(NYSE:AQN) are beginning to look attractive today. Here’s why I think investors should consider this hybrid ESG play today.