How should we invest our money, Does it make sense to invest like a Saint or like a Sinner? ESG (or environmental, social and governance) investing is one of the hottest things in markets right now, with large fund managers competing to be seen to take ESG more seriously than the next. Setting aside any moral judgements, the commercial rationale for the investment management industry is pretty clear: ESG funds have attracted about $350bn over the last two years, almost twice as much as the rest of the stock fund universe combined.
The opposite of ESG investing is investing in sin stocks (or vice investing) – a term for investing in companies that engage in a business or industry that’s considered unethical, immoral, or unsavory. Today we take a look at the returns for each strategy.
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