Actively managed ETF flows ignores performance track record
The Bottom Line: Outsized flows into actively managed ETFs disregards evidence that most active investment managers tend to underperform their benchmark most of the time. Total net assets of sustainable active and passive ETFs: December 30, 2022 – April 28, 2023Notes of Explanation: Sources: Morningstar Direct and Sustainable Research and Analysis Observations: According to reporting […]
Credit impacts due to ESG factors can vary considerably
The Bottom Line: Moody’s latest report shows the varying credit impacts of environmental, social and governance (ESG) considerations applicable to more than 10,400 rated entities. Distribution of Moody’s credit impact scores and issuer profile scores as of March 31, 2023 Notes of Explanation: Based on ESG scores of 10,467 rated entities, as of 31 March […]
Sustainable funds expense ratio comparisons
The Bottom Line: Expense ratio comparisons between conventional and sustainable funds are difficult due to lack of homogeneity but low-cost options for investors are available. Conventional and sustainable mutual funds and ETFs asset-weighted expense ratios Notes of Explanation: Expense ratios applicable to conventional mutual funds and ETFs are based on ICI reporting as of December […]
Sustainable funds post average gain of 5.05% in Q1 2023
The Bottom Line: Sustainable funds recorded an average gain of 5.05% in Q1 2023, while top performing funds gained 7.2% and bottom funds dropped 5.09%. 0:00 / 0:00 Listen to this article Top and bottom performing sustainable mutual funds and ETFs – Q1 2023 Observations: Sustainable mutual funds and ETFs, a total of 1,401 funds/share […]
Sustainable indices in Q1 2023 registered improved results
The Bottom Line: After a challenging year in 2022 the relative total returns of sustainable indices in the first quarter of 2023 recorded improved results. 0:00 / 0:00 Listen to this article now Selected MSCI ESG indices relative performance results to 3-31-2023 Notes of Explanation: Positive or negative ESG performance results are for the selected […]
The three faces of sustainable assets under management in the US
The Bottom Line: The absence of widely accepted definitions and standards in sustainable finance is illustrated in the wide variations of referenced assets under management. 0:00 / 0:00 Listen to this article now Sustainable assets under management Observations: The absence of widely accepted definitions and standards in the sustainable finance sphere has contributed to confusion, […]
Two reports on climate change issued last week are required reading
The Bottom Line: Reports issued last week on climate change and related financial, economic, and social risks are required reading for investors and other stakeholders. 0:00 / 0:00 Listen to this article now Carbon dioxide levels over timeNotes of Explanation: Source: 2023 Economic Report to the President/Lüthi https://doi.org/10.1038/nature06949et al. 2008. Note: Data come from reconstructions […]
UBS acquires Credit Suisse and its funds
The Bottom Line: Plans announced yesterday by UBS to acquire Credit Suisse should not result in any immediate impact on the management of investment funds. 0:00 / 0:00 Listen to this article now Mutual funds, ETFs and ETNs managed by UBS and Credit Suisse as of February 28, 2023Notes of Explanation: Sources: Morningstar Direct and […]