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Search resuls for: "Alyssa Stankiewicz"


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The investing strategy has become increasingly politicized after being used by companies to address E.S.G. Investors pulled $5 billion out of E.S.G.-focused “sustainable” investment funds last quarter, according to a new report by Morningstar. The withdrawals came amid a wider market rally at the end of 2023. For the full year, $13 billion was pulled from E.S.G. All in all, it was the “worst calendar year on record,” wrote Alyssa Stankiewicz, Morningstar’s director of sustainability research.
Persons: Morningstar, , Alyssa Stankiewicz Organizations: Economic, Investors Locations: Davos, Switzerland, E.S.G
So-called ESG investing is a big deal. In other words, 1 in every 8 U.S. investor dollars is in a sustainable fund. The growing prominence of and demand for ESG investments has attracted the attention of politicians and regulators. ESG has become a catch-all acronym for what asset management industry pros would call sustainable investing — strategies that seek to deliver a financial return while providing for societal good. ESG funds This is where conflating ESG funds and "boycotting" the energy industry gets a little spurious.
Analysts who follow the industry say ESG funds' performance has been held back, most clearly, by the fact that many sustainable or ESG funds avoid companies that make fossil fuels. The average large-cap stock ESG fund had lost nearly 20% in 2022 through Dec. 21, according to Morningstar. Morningstar energy strategist Stephen Ellis thinks that's unlikely, since "we see the stocks as fairly valued to expensive," particularly in the oil part of the petroleum business. ETF – which emphasizes gambling and alcohol along with pharmaceuticals, without major holdings in oil and gas – is down 18%. ESG fund flows in Europe have held up much better than in the U.S, which Morningstar's Stankiewicz says is because of more pro-ESG regulations.
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