This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.
Putting the Me in ESG (Politico, 2 min read) As we head deeper into the pandemic, companies will not be able to keep up with their ESG goals (primarily environmental commitments). Companies may ditch their sustainable investment plan altogether or reallocate capital for these strategies due to liquidity concerns and reduced profitability.
How Sustainable Investing Really Did in This Bear Market (24/7 Wall ST, 4 min read) ESG outperformance is due to luck. The exclusion of the oil sector and tilt towards the large-cap and value stocks helped generate better returns. But over the last ten years, these factors have underperformed. There is no free lunch, can funds be both highly rated in sustainability rankings and outperform the market consistently going into the future?