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Goldman Sachs Investment Manager Calls Out ‘Lazy’ ESG Tech Bets

  • ESG shouldn’t be sector specific, Goldman’s Barrs says
  • Stocks in EV supply chain are looking ‘incredibly attractive’

Relying on a specific sector such as tech to build an ESG portfolio has exposed investors to unnecessary losses, according to Luke Barrs of Goldman Sachs Asset Management.

The focus on tech has been a “kind of lazy approach” in environmental, social and governance investing, said Barrs, GSAM’s head of fundamental equity client portfolio management in EMEA and Asia ex-Japan, in an interview.