Feel-Good Funds Hold Their Own
Posted: March 2019
It’s the ultimate feel-good investment, a fund that eschews tobacco, coal, alcohol, gambling, firearms and big pharama. Supporters say these funds are making the world a better place but critics believe that ESG (environmental, social and corporate governance) is little more than the latest soph- isticated money-making marketing tool.
‘To us it’s about buying everyday companies that do things well,’’ says Ethical Partners Funds Management chief executive Matt Nacard. ‘‘Most companies have the opportunity to improve things in terms of sustainability, supply-chain knowledge, and how they conduct their business. If they do that well, we think they can perform well too.’’