Jun 01, 9:13 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Wayne Winegarden 06/01/19 AT 9:10 AM One of the hottest investment trends promises to do well while by doing good. This investment trend is called environmental, social, and governance investing, or ESG funds. Not all ESG funds have similar investment strategies. Some ESG funds actively invest in companies that meet specific environmental or social criteria. These funds will only invest in clean tech companies for instance, or only in companies where sufficient numbers of women are in leadership positions. Other ESG funds will be, for all intents and purposes, broad-based funds that simply reject targeted investments, such as oil and gas, gun, and tobacco companies.In recent years, ESG funds have been presented to investors as being socially responsible and a good investment that has outperformed their respective benchmarks in the short-term. Of course, as … [Read more...] about Are ESG Funds A Good, Long-Term Investment?
By Asjylyn Loder WSJ Fri., May 10, 2019 A brand new exchange-traded fund that tries to invest in the best corporate citizens in the U.S. began trading at Thursday’s opening bell, but is already on track to be one of the most successful fund launches in history. The fund, BlackRock Inc.’s iShares ESG MSCI USA Leaders ETF, raised $851 million in its debut. It is especially noteworthy because the ETF fits into a small but increasingly crowded corner of the market devoted to responsible investing. Asset managers have long heralded sustainable strategies as the next big thing in the $4 trillion ETF industry, but growth has been painfully slow. That is now changing. ETFs that invest based on environmental, social and governance metrics have raised $1.9 billion this year, boosting assets to $12 billion. All told 30 of the 75 ETFs, including some of the most successful, are less than two years old. While still a vanishingly small piece of the market, ESG funds are … [Read more...] about New iShares ESG Fund Off to Roaring Start
LONDON (Reuters) - The world’s biggest diversified miners have yet to see their share prices reflect their role as providers of the minerals needed for a shift to a low-carbon economy. FILE PHOTO: The Rio Tinto mining company's logo is photographed at their annual general meeting in Sydney, Australia, May 4, 2017. REUTERS/Jason Reed/File Photo Mining companies provide minerals such as cobalt used in electric vehicle batteries and copper for increased electrification, and the sector’s balance sheets are in rude health. Still, many investors are wary. Concerns include the demand outlook from China, the world’s biggest consumer of metals; the sector’s history of wasting shareholders’ money on mergers and acquisitions that never deliver returns; and a patchy record on environmental, social and governance-related (ESG) issues. Reminders of the dangers include a disaster in Brazil at a Vale tailings dam in January that killed an estimated 300 people, … [Read more...] about Big Four miners languish amid demand, ESG, capex concerns
TOKYO--(Antara/BUSINESS WIRE)-- ESG investment has been implicitly and unsystematically undertaken among the ASEAN firms but it is promising, according to a study on the ESG Investment in the ASEAN region released by the ASEAN-Japan Centre (AJC).This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190327005869/en/Environmental, social, and governance (ESG) investment has gained momentum around the world and the force is moving towards Asia, especially in the ASEAN Member States. Against this backdrop, AJC, an intergovernmental organization of ASEAN and Japan based in Tokyo, issued a study “ESG Investment: Towards Sustainable Development in ASEAN and Japan” (https://www.asean.or.jp/en/wp-content/uploads/sites/3/ESG_web.pdf) to urge investors to invest responsibly by understanding ESG investment and contribute to the better and sustainable investment environment and society in Japan and the ASEAN Member States.Major … [Read more...] about ESG investment in ASEAN is promising; however, challenges remain, AJC says in a new study on ESG investment in ASEAN
By: Dr Matthew Partridge 29/11/2018 Until as late as 2000, ethical investing was seen as something of a niche area. But it has taken off in the last couple of decades, with some estimates suggesting that up to £16.7bn is now held in UK ethical funds. Ethical investing might be good for society, but is it good for your wallet? One person who thinks it is, is Geir Lode. Lode is head of global equities at Hermes, and is lead manager on two of their funds: Hermes Global Equity and Hermes Global Equity ESG. The ESG in the name references the three specific ethical criteria used to judge all potential investments: environmental, social and governance. Hermes Global Equity ESG selects the 70 to 80 shares in its portfolio using traditional investment criteria, attempting to strike a balance between fast-growing firms and value. However, at the same time it also looks at the ESG (environmental, social and governance) performance of each company, and it considers a low … [Read more...] about ESG investing: making money while doing good