Wayne Winegarden in the Wall-Street Journal, “Tidal Wave of ESG Funds Brings Profit to Wall Street”
March 17, 2021
Michael Wursthorn, Wall-Street Journal
Tidal Wave of ESG Funds Brings Profit to Wall Street
By By Michael Wursthorn
March 16, 2021
Sustainability has been good for Wall Street’s bottom line.
Exchange-traded funds that explicitly focus on socially responsible investments have 43% higher fees than widely popular standard ETFs.
The environmental, social, and governance funds’ average fee was 0.2% at the end of last year, while standard ETFs that invest in U.S. large-cap stocks had a 0.14% fee on average, according to data from FactSet.
“ESG creates a fantastic revenue possibility for large firms,” said Dr. Wayne Winegarden, a senior fellow at the Pacific Research Institute. . .
Read the entire article here. . .
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