BlackRock joins Allianz, Invesco saying ESG outperformed

ESG portfolios have weathered the corona crisis more effectively than others according to some asset managers.
Photo: Lucas Jackson/Reuters/Ritzau Scanpix/Reuters
Photo: Lucas Jackson/Reuters/Ritzau Scanpix/Reuters
BY ALASTAIR MARSH/ BLOOMBERG

BlackRock Inc. added its contribution to a growing body of research showing that ESG portfolios -- those that consider environmental, social and governance issues alongside regular financial considerations -- outperformed traditional market benchmarks in the recent market downturn.

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The environmental, social and governance ratings of exchange-traded funds are set to be downgraded by index provider MSCI. | Foto: Delcia Lopez/AP/Ritzau Scanpix

Hundreds of funds set to lose ESG rating