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Chart of the Day: To ESG or Not to ESG

Crews Bank & Trust Wealth Management Services Oct 26, 2023
black bar chart shows sharp increase in ESG fund closures in 2023

Contents

Today’s Chart of the Day from Morningstar shows an increase in the closing of ESG Funds (Environmental, Social, and Governance funds).

ESG funds invest in companies that operate with sustainable and ethical practices. They were very popular a few years ago; however, they are now closing at an increasing rate. Oddly enough, it’s not due to poor performance. Over the last five years, if you invested $100 into an ESG fund it would have grown to $157 vs. $160 in the S&P 500. Many attribute the decline to their higher fees, declining interest since they are not “outperforming” as promised, along with the minimal evidence that these funds are able to instigate any meaningful societal changes.
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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