Dissenting views on defining ESG further complicates the role of sustainable investing in 401(k) plans. (Photo: Shutterstock)
Sustainable investing is on a tear.
According to Morningstar research, sustainable investment funds, which the research firm defines as those that use environmental, social, and corporate governance (ESG) criteria as measurements for scoring the societal impact of investing in a public company, saw record flows of $5.5 billion in 2018.
Last year marked the third consecutive year of record flows to ESG-premised mutual funds, which increased 50 percent to 351 offerings in 2018. ESG funds held $161 billion in assets at the end of 2018, when 37 new funds were launched, and 67 existing funds added ESG criteria to their investment strategy.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
