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ESG Investing Stands Out During COVID-19 Volatility (Invesco, 4 min read) Invesco compared S&P 500 performance with top-ranked ESG companies within its constituent for 12 months ending 30 June 2020. Top-ranked ESG companies (Quintile 1) outperformed (20.05% vs 7.51% S&P 500). Outperformance was attributable to the quality of management, which is the most overlooked nonfinancial component of fundamental analysis. [Bullish ESG]
Mutual Fund Performance and Flows During the COVID-19 Crisis (NBER, 18 page read) Counter to popular beliefs, the most active funds underperformed passive benchmarks during the COVID-19 crisis. Funds with high sustainability ratings perform well, as do funds with high star ratings.