3 Starbucks ETFs React to More Offensive Racism

Starbucks has faced multiple allegations of racism recently – now the company is facing one more.

ETFs with Starbucks exposure are reacting following two back-to-back incidents in Philadelphia and Torrance, California, leading the company to announce an afternoon closure of 8,000 stores for a racial bias training on May 29.

But less than than two weeks before this training, Starbucks is facing new allegations of racism, this time in La Cañada, California. A Latino customer named Pedro has accused a Starbucks employee of writing “beaner,” a racial slur, on his cup.

Top 3 ETFs with Exposure to Starbucks React to Blatant Racism

Let’s take a look at how the top 3 ETFs with Starbucks holdings are reacting according to Yahoo Finance at 1 p.m. Eastern time.

1. iShares Evolved U.S. Consumer Staples ETF Consumer Staples Equities (IECS) with a 3.58% weighting up .25%

2. Consumer Discretionary Select Sector SPDR Fund Consumer Discretionary Equities (XLY) with a 2.79% holding down 0.36%.