Hi everyone,
Of all the casualties of the current bear market induced by the Federal Reserve System, few could have predicted the fall of Environmental and Social Governance (ESG).
ESG is a way of impact investing that was all the rage over the last bull cycle. After all, when the money is running freely it's quite easy to make investment decisions that adhere strictly to how we would like to shape the world at the expense of a few percentage points in profit.
In a bear market, however, when gains are much harder to come by, people tend to be slightly less principled and more focused on the bottom line. This article tells the full story about how ESG investments that were outperforming the S&P 500 for more than a decade are now trailing behind. |