ESG Index is down 2.8% versus an 8.1% drop in the NSE Nifty 50 Index.The global push into sustainable investing has gathered pace this year as governments channel virus-related recovery funds into health and environmental projects.
Fund industry ESG AUM now exceeds $1 trillion, and 56% of sustainable funds outperformed their peers in the second quarter, according to a report from UBS Group AG citing Morningstar Inc.
data.“Stronger companies that have solid principles around ESG have been able to weather the storm well," said Jinesh Gopani, head of equities at Axis Asset Management Co, which launched its first ESG fund in February. “They both fell less and bounced back first."ESG strategies are still less established in emerging markets than.