Investors Pivot To Conscious Investing In 2020
Markets have grown a conscience. Environmental, social and governance factors have been dominant forces at the midyear mark. Check out the stats:
- 14 out of 17 ESG-focused ETFs and funds outperformed the S&P 500 from January 1 to May 15, according to S&P Global Market Intelligence.
- Morningstar says 23 new ESG funds launched this year and anticipates a record number of launches in 2020.
- And, U.S. sustainable funds hit record net flows in 2019, four times the previous high, according to Morningstar. This year is already on track to surpass last year.
The drivers in 2020 are clear. The most obvious example is the collective response to the Covid-19 pandemic, which has compromised our interconnected world. Social inequality has also come to the fore amid civic protest and global unrest. What this first half of the year tells us is that ESG risks increasingly are playing a central role across the entire investment landscape.Read more…………..
Chart Of The Day
CNBC’s Kelly Evans discusses Tesla’s stock as it becomes the world’s most valuable automaker with CNBC’s Phil LeBeau and Dan Ives of Wedbush.