Clean energy ETFs diverge in August
The Bottom Line: Divergence in the August 2022 performance of the top and bottom clean energy funds due to foreign holdings reinforces benefits of diversification. Divergence in performance of top and bottom 10 performing ETFs in August 2022 Observations: With two exceptions, the top sustainable ETF performers in August 2022 were focused on clean energy. […]
Renewable and clean energy funds led in July and should benefit from IRA
The Bottom Line: Renewable and clean energy mutual funds and ETFs, performance leaders in July, should benefit from the just enacted Inflation Reduction Act (IRA). Performance of the top 10 mutual funds and ETFs: July 2022 and trailing 12-months (12-M)Notes of Explanation: *Name change from iClima Distributed Smart Energy ETF effective as of August 9, […]
Sustainable US equity funds outperform in July 2022
The Bottom Line: Sustainable actively managed US equity mutual funds and ETFs generated better average performance results in July relative to their conventional fund counterparts. Average performance of actively managed sustainable diversified US equity funds versus conventional funds: July 2022, Y-T-D and trailing 12-months to July 31, 2022Note of Explanation: Sustainable US equity funds, both […]
Carbon intensity metrics disclosed by seven of ten largest US-equity ETFs
The Bottom Line: Enhanced disclosures to clients and shareholders by self-described sustainable mutual funds and ETFs of ESG related outcomes and impacts are not commonplace. Average weighted carbon intensity metrics for the largest 10 sustainable ETFsNote of Explanation: Data sources: Fund Fact Sheets, MSCI, Sustainable Research and Analysis LLC. Observations: In general, enhanced disclosures of […]
Three newly listed equity ETFs seek greenhouse gas reductions
The Bottom Line: Three new ETFs listed in June 2022 seeking to reduce greenhouse gas emissions should be evaluated based on financial and non-financial outcomes. Sustainable ETFs listed in June 2022 that invest in companies seeking to reduce CO2 emissions Fund Name/Symbol ER Assets ($M) Structure Sustainable Investing Approach Nuveen Global Net Zero Transition ETF […]
Chart of the Week – July 18, 2022
The Bottom Line: Putnam Investments announces rebranding of its RetirementReady funds effective later this year or early 2023, thereby expanding sustainable target date fund options. Assets of sustainable target date funds: 2019 – June 2022Note of Explanation: All TDFs exclude Putnam’s RetirementReady funds. Data sources: Morningstar Direct and Sustainable Research and Analysis LLC. Observations: Putnam […]
Chart of the Week- July 11, 2022
The Bottom Line: Expense ratios levied by active and passively managed sustainable diversified US equity funds are competitive, but size matters for index tracking funds. Expense ratio comparisons for active and passively managed diversified US equity ETFs and distribution of expense ratios for sustainable ETFs Expense ratio comparisons […]
Chart of the Week- July 4, 2022
The Bottom Line: Sentiment around ESG is taking a negative turn and based on various recent developments and actions, ESG is also becoming more politicized. States that have adopted anti ESG legislation, may be considering them or are leaning in that direction Observations: Sentiment around ESG has taken a negative turn and ESG is becoming […]