The Looming ESG Bust
The ESG fund business is in the middle of a boom with a recent Barron’s cover and lots of positive talk in the financial press, but it will be short-lived. When ESG funds outperformed non-ESG funds as stock markets and oil crashed from the pandemic this spring, the relative outperformance was because ESG funds had avoided oil and transportation (i.e., oil burning) stocks which all went down dramatically…. www.macroESG.com #macroESG --- Send in a voice message: https://anchor.fm/macro-esg/message