Want to grow your money faster than the broader economy? Go even greener! Investors who have focused on ESG (environmental, social, and governance) funds are smiling lately due to lower exposure to fossil fuels and downside protection from last year’s market slumps. Those are the results in from Bloomberg’s 4th annual ranking of large US ESG funds.
Nine of the biggest ESG mutual funds in the U.S. outperformed the Standard & Poor’s 500 Index last year, and seven of them beat their market benchmarks over the past five years. The $878 million Ave Maria Growth Fund was the top performer in 2019, followed by the $3.8 billion Calvert Equity Fund and the