ESG a Win for Stocks, Less So for Bonds Amid Covid-19
Allianz Global Investors, which oversees about $615 billion for clients, found that the vast majority of its sustainable strategies outperformed broad market benchmarks in the first quarter.
Photographer: Krisztian Bocsi/BloombergThe market convulsions caused by the coronavirus pandemic and efforts to halt its spread might offer some answers to one of fund managers’ biggest questions: What’s the affect on financial performance of investing in companies that make a positive contribution to society and the environment?
Allianz Global Investors, which oversees about $615 billion for clients, offered some insights with an analysis of how its sustainable and responsible investment mutual funds performed. The asset manager reviewed the “downturn resilience” of its funds and found that the vast majority of its sustainable strategies outperformed broad market benchmarks in the first quarter.