ESG

Business & Economics

Governor Newsom’s ESG Errors

California Gov. Gavin Newsom this week released a lengthy commentary defending so-called ESG investing, which he wrote has “proven results.” His defense requires fact checking and context. Environmental, Social and Governance (ESG) is the latest investing trend that claims investors can earn higher returns while also “doing good” on important social issues …

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ESG Has Become An Obstacle to Resolving The State Unfunded Pension Crisis

By Tim Anaya and Wayne Winegarden Even with generous assumptions, the state unfunded pension crisis is worsening. The market surge of 2021 helped reduce the unfunded gap, but then came the bear market of 2022. As a recent Wall Street Journal Headline put it, Market Rout Sends State and City …

Business & Economics

Proxy Advisory Firms And The ESG Risk

Warren Buffett presciently noted that “only when the tide goes out do you discover who’s been swimming naked.” The Dow, S&P 500, and Nasdaq are all now in bear market territory, so the tide has undoubtedly receded. And true to Mr. Buffett’s wisdom, the unsustainability of many fashionable investment trends …

Blog

ESG Investing? Investors want to make their own choices

“Doing well and doing good,” is an oft-used tagline by ESG investing (Environmental, Social, Governance) advocates and industry publicists.  But we’ve often wondered what would happen if investors had to choose between the two – a portfolio of stocks that outperform or one that leaves out stocks social and environmental …

Business & Economics

Barron’s Op-Ed Cites PRI Study on Underperformance of ESG Investing

Former Connecticut State Treasurer and founder and president of the Institute for Pension Fund Integrity Christopher Bancroft Burnham recently cited Dr. Wayne Winegarden’s study showing how environmental, social, and governance (ESG) funds underperform broader investment funds over the long-term in an op-ed published in Barron’s. BlackRock’s ESG Strategy Plays Politics with …

Business & Economics

Read Wealth Professional Story on Wayne Winegarden ESG Study

Putting a question mark on ESG fund performance by Leo Almazora An increasing number of stakeholders are buying into sustainable investments, figuratively and literally. Aside from fund providers’ growing willingness to offer values-based investment products, there’s a rising clamour from investors who want their money placed in companies with strong ESG …

Business & Economics

New Study Finds ESG Funds Underperform Broader Investment Funds Over Long-Term

ESG funds that champion environmental and social causes have historically underperformed funds investing in the broader market over the long-term, so finds a new study released today by California-based, free-market think tank, the Pacific Research Institute. “In recent years, ESG funds have been presented to investors as socially responsible as …

Business & Economics

Governor Newsom’s ESG Errors

California Gov. Gavin Newsom this week released a lengthy commentary defending so-called ESG investing, which he wrote has “proven results.” His defense requires fact checking and context. Environmental, Social and Governance (ESG) is the latest investing trend that claims investors can earn higher returns while also “doing good” on important social issues …

Blog

ESG Has Become An Obstacle to Resolving The State Unfunded Pension Crisis

By Tim Anaya and Wayne Winegarden Even with generous assumptions, the state unfunded pension crisis is worsening. The market surge of 2021 helped reduce the unfunded gap, but then came the bear market of 2022. As a recent Wall Street Journal Headline put it, Market Rout Sends State and City …

Business & Economics

Proxy Advisory Firms And The ESG Risk

Warren Buffett presciently noted that “only when the tide goes out do you discover who’s been swimming naked.” The Dow, S&P 500, and Nasdaq are all now in bear market territory, so the tide has undoubtedly receded. And true to Mr. Buffett’s wisdom, the unsustainability of many fashionable investment trends …

Blog

ESG Investing? Investors want to make their own choices

“Doing well and doing good,” is an oft-used tagline by ESG investing (Environmental, Social, Governance) advocates and industry publicists.  But we’ve often wondered what would happen if investors had to choose between the two – a portfolio of stocks that outperform or one that leaves out stocks social and environmental …

Business & Economics

Barron’s Op-Ed Cites PRI Study on Underperformance of ESG Investing

Former Connecticut State Treasurer and founder and president of the Institute for Pension Fund Integrity Christopher Bancroft Burnham recently cited Dr. Wayne Winegarden’s study showing how environmental, social, and governance (ESG) funds underperform broader investment funds over the long-term in an op-ed published in Barron’s. BlackRock’s ESG Strategy Plays Politics with …

Business & Economics

Read Wealth Professional Story on Wayne Winegarden ESG Study

Putting a question mark on ESG fund performance by Leo Almazora An increasing number of stakeholders are buying into sustainable investments, figuratively and literally. Aside from fund providers’ growing willingness to offer values-based investment products, there’s a rising clamour from investors who want their money placed in companies with strong ESG …

Business & Economics

New Study Finds ESG Funds Underperform Broader Investment Funds Over Long-Term

ESG funds that champion environmental and social causes have historically underperformed funds investing in the broader market over the long-term, so finds a new study released today by California-based, free-market think tank, the Pacific Research Institute. “In recent years, ESG funds have been presented to investors as socially responsible as …

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