Indeed, if one reads ERISA to broadly require that fiduciaries “minimize the risk of large losses,” then investors may violate their duties by avoiding active shareholding with regard to systemic issues.[34] ESG Fund Performance is a Poor Pecuniary Indicator A common argument against ESG funds is that they don’t outperform funds that explicitly lack a sustainability focus.[35] It is true that various meta-analyses undertaken to determine whether ESG produces superior… [read post]