“The one acronym I wish to see connected with ESG is RIP,” Aswath Damodaran, professor of finance at Stern College of Enterprise, informed Patrick O’Shaughnessy on the podcast, Make investments just like the Finest. Condemning ESG investing strongly, he known as it a ‘a lot grayer’ space and a advertising gimmick. In his earlier weblog Damodaran had cited it as a “feel-good rip-off that’s enriching consultants, measurement providers and fund managers”. Lively funds appeal to fats
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Synopsis
Ought to feelings drive funding selections? ESG funds have underperformed the benchmark. Over the previous three-five years, these funds have logged a median acquire of 11%. In distinction, the Nifty 50 has gone up over 35% and 60% in three and 5 years, respectively. Similar to some other funding, ESG too should be judged on its returns.
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