ESG
Empowering Shareholders Will Help Reduce Proxy Advisory Firm’s Undue Influence
Titans of Wall Street have become vocal advocates for environmental, social, and governance (ESG) investing – including leaders of the world’s largest asset managers, banks, and other financial institutions. Less well known proponents, but perhaps even more influential, are the proxy advisory firms ISS and Glass Lewis, who control 97 percent of …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
