Fidelity, Vanguard Rank Lowest in Morningstar’s New ESG Rating.
“Some of the country’s largest asset managers, including Vanguard, Fidelity and American Century, received low marks in Morningstar’s first assessment of asset managers’ commitment to incorporating ESG factors in their investment processes and strategies.
Others, like BlackRock, which has stressed sustainability as its ‘new standard for investing,’ and Pimco, received the second-to-lowest rating of ‘Basic.'”
[COMMENTARY] This analysis demonstrates that the big conventional firms may say a lot about their ESG prowess but still lag the real ESG asset managers!
Fidelity, Vanguard Rank Lowest in Morningstar’s New ESG Rating, by Bernice Napach, November 19, 2020, ThinkAdvisor, USA.