"Portfolios in large and medium-sized groups in developed markets, excluding the US, record best results."
[COMMENTARY]Actually, the US portfolios did well too. Just not as well as those in Europe, most particularly. Incidentally, it’s interesting to see how the EU and US governments seem to be diverging on encouraging ESG in funds’ management.
The US Department of Labor recently issued a sort of warning about pension funds using ESG analysis, while the EU is going full steam encouraging ESG integration in funds’ management! I think the US administration has too much of a rear view mirror when it comes to understanding the present and future economy.
Companies with strong ESG scores outperform, study finds, by Jennifer Thompson, August 12, 2018, FT, UK.