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How Chinese Asset Managers are Leveraging ESG to Gain Alpha (The Asset, 4 min read) Chinese ESG-focused stocks have outperformed their peers from June 2013 to June 2019 and now also during the pandemic. Their ability to generate excess returns and reduce tail risk has meant that the leading Chinese asset managers are now increasingly applying ESG research and frameworks to pick stocks.
ESG Funds Can Have a Net Negative Impact, Report Claims (City Wire, 3 min read) ESG funds do not always have a positive impact on society. For example, one popular ESG fund omits 10% of companies with the lowest ESG scores but still has an investment in oil and the alcoholic beverage sector, which negatively impact society.