ESG Outperformed in the Second Quarter
Tech stock revival boosts sustainable strategies.
Sustainable investment strategies broadly outperformed their non-ESG cousins in the second quarter thanks mainly to a revival among technology stocks.
The boost from tech names such as Microsoft (MSFT), a sector that represents a heavy weighting in most sustainable indexes, helped overcome the tailwind that non-ESG indexes received from continued strength in energy stocks. Non-ESG benchmarks tend to hold greater percentages in energy stocks.
Lauren Solberg does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.