ESG

How Did ESG Funds Perform in Q1?

Market News -

The first quarter of 2021 was a challenging one for the performance of investments screened on environmental, social, and governance (ESG) criteria. Why? The best performing sector in global equity markets was energy, while technology was the worst. ESG screens tend to favour technology and avoid the carbon-intensive energy sector. Reflecting ESG’s first-quarter struggles, Morningstar’s range of ESG-screened indices generally underperformed their broad market equivalents in the first quarter, with...

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Software providers face ESG re-boot

Insights -

The tech industry’s reliance on offshore software developers – some of them working in “dimly-lit third world offices” – could become an ESG issue for fund managers who buy their services, says Abbey Shasore, chief executive of Factbook. A dam bursting in South America, killing hundreds and flattening communities, will trigger a wave of ESG protest at funds investing in the dam’s owners. ESG is a cultural phenomenon creating derision for asset managers investing...

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