Go woke, go broke: ESG encourages investment in firms deemed to be positive for the planet and society as well as promoting responsible practices.
The ESG fund performance was revealed as part of BestInvest's twice-yearly assessment of 'dog funds' – companies that have performed worse than their benchmark stock market index by at least 5 per cent for three years in a row.
The investment platform revealed funds with strategies in line with the environmental, social and governance (ESG) philosophy were among those who did particularly badly over the past three years.
Go woke, go broke – that seems to be the message from the latest 'Spot the Dog' report into underperforming investment funds.
ESG encourages investment in firms deemed to be positive for the planet and society as well as promoting responsible practices.
