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Even in the midst of the coronavirus pandemic there are silver linings, among them a decline in air pollution due to a drop in driving, flying and industrial activity and better performance by mutual funds and ETFs focused on environmental, social and governance (ESG) factors.
According to S&P Global Market Intelligence, funds that invest in companies based on their ESG ratings have functioned as "relative safe havens in the economic downturn caused by the coronavirus pandemic."
S&P Global Market Intelligence analyzed the performance of 17 exchange-traded and mutual ESG funds with more than $250 million in assets year-to-date through May 15, and 14, or 83%, outperformed.
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Bernice Napach
Bernice Napach is a senior writer at ThinkAdvisor covering financial markets and asset managers, robo-advisors, college planning and retirement issues. She has worked at Yahoo Finance, Bloomberg TV, CNBC, Reuters, Investor's Business Daily and The Bond Buyer and has written articles for The New York Times, TheStreet.com, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.
