An $11 Billion Passive Fund Upends ESG Dogma and Trounces Peers [BNN Bloomberg (Canada)]
Morningstar, Inc. (MORN)
US:NASDAQ Investor Relations:
shareholders.morningstar.com/investor-relations/default.aspx
Company Research
Source: BNN Bloomberg
The Handelsbanken Global Index Criteria fund (ticker: HAICA1S SS) has emerged as the world's biggest so-called Article 9 product, which means it targets the European Union's toughest ESG disclosure category. The fund, which tracks the Solactive ISS ESG Screened Paris Aligned Global Markets index, is up more than 17% this year. It's also trounced actively managed competitors in drawing new client money. The fund's success is the latest indication that passive strategies are transforming environmental, social and governance investing norms. From the get-go, ESG was intended to favor the active selection and de-selection of assets, a strategy that helped propel firms like Parnassus Investments to become industry leaders. Parnassus is now among active managers that have suffered consecutive quarters of outflows, Morningstar Inc. data shows. Active strategies, while still dominant in ESG investing, are fast giving way to cheaper, index-tracking products. In the market for Article 9 fu
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News
- Morningstar Sustainalytics Introduces Significant Enhancements to its ESG Risk Ratings [Yahoo! Finance]Yahoo! Finance
- Morningstar Sustainalytics Introduces Significant Enhancements to its ESG Risk RatingsBusiness Wire
- The S&P 500 is crushing diversified funds. So if you didn't bet big on the U.S. stock index, ‘then you look like a moron,' portfolio expert says [Fortune]Fortune
- Great ‘Bear Market' in Diversification Haunts Wall Street Pros [Yahoo! Finance Canada]Yahoo! Finance Canada
- Great ‘Bear Market' in Diversification Haunts Wall Street Pros [BNN Bloomberg (Canada)]BNN Bloomberg
MORN
Sec Filings
- 6/14/24 - Form 8-K
- 6/6/24 - Form 4
- 6/6/24 - Form 4
- MORN's page on the SEC website