Today's Animal Spirits Talk Your Book is brought to you by State Street Global Advisors.

Welcome to Animal Spirits, a show about markets, life, and investing.

Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.

Michael Batnick and Ben

were for Ritalts Wealth Management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions are subject to

change based on market and other conditions and factors and do not reflect the

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And today's Talk your book, we talked with Bree Williams of State Street about all things

ESG, which is obviously a growing topic in the world of advisors for sure, but I guess investors overall.

This is actually a topic that brings more extreme opinions than you would think would warrant just at face value, right?

Yes, a lot of people are of the opinion that this is just nothing more than marketing.

A lot of people in the investment industry, I would say, have strong opinions.

Yeah.

But I think regardless of what their opinions are and how it works and what the functionality of it is, this is a real thing.

Is it fair to say ESG is a form of factor investing now?

I mean it's too early to say that. But it's going

down that path almost where it is almost its own factor. Yeah and listen if the

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