Sustainable funds are growing in number and performing well, with conventional funds increasingly adjusting their criteria to include sustainability factors, according to a report.
The evidence that fund managers across Europe have switched their attention to the sustainability of their stock picks grew this week, this time with research revealing proof of the strategic shift—and also performance.
According to a report from Morningstar, a provider of investment analysis services, more than a third (34.1%) of sustainable funds finished in the top quartile of performance while almost two-thirds (63%) were in the top half. Only 14.8% were in the bottom quartile.
The figures not only lend credence to the idea that sustainability is a key indicator of investment performance but also a key issue for boards as they man
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