Why ESG Investing Could Make You Rich
The idea of investing in companies with strong records of environmental stewardship, social responsibility, and strong corporate governance -- "ESG investing" -- is surging in the stock-picking world. The U.S. SIF Forum for Sustainable and Responsible Investment estimates that from 2016 to 2018, socially responsible investing funds in the U.S. increased by 38% to $12 trillion.
Despite the coronavirus pandemic, research provider ETF Flows says ESG investments are continuing to grow in 2020, up a further $15 billion in the year's first half. Annualize that growth rate, and ESG is on track to grow 40% faster this year than last year (when $21.4 billion was poured into ESG funds, according to Morningstar data).
What's the deal?
Source Fool.com
