Big US ESG Funds Beat the Market

The Bloomberg business-news service has reported that: “Nine of the biggest ESG mutual funds in the U.S. outperformed the Standard & Poor’s 500 Index last year, and seven of them beat their market benchmarks over the past five years.”  For 2019, top performers included the Ave Maria Growth Fund (nearly $900 M in assets), the Calvert Equity Fund ($3.8 B)  and the Putnam Sustainable Leaders Fund ($4.9 B).  Over five years, the best returns were generated by Morgan Stanley’s Global Opportunity Portfolio ($3.9 B) and the Brown Advisory Sustainable Growth Fund ($2.1 B).  For the full article and graphic, click here