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ESG Funds Outperform ‘Sin Stocks’ in Slumping Global Markets

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Photographer: David Paul Morris/Bloomberg
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Fund managers known for their virtuous investment principles are outperforming their counterparts who focus on so-called sin stocks as markets slump around the world.

The 10 largest ESG-focused U.S. mutual funds declined 18.4% on average this year as of yesterday, compared with the 24.2% drop of the $105 million USA Mutuals Vitium Global Fund.