03.18.19
Ethical Investing Has Never Been Cheaper
by: Reade Pickert; Emily Chasan
Issuers have slashed fees for exchange-traded funds (ETFs) that track companies performing well on environmental, social, and governance (ESG) criteria in a bid to drawn investor money. ESG funds created over the last year charge an average $2 for every $1,000 invested, half the median fee of these funds in the United States, according to data compiled by Bloomberg. Sustainable funds, historically more expensive than their peers, have struggled to compete with traditional offerings, managing just $9 billion of the almost $4 trillion in U.S. ETFs. ESG ETFs have already attracted $1.3 billion in new assets so far this year, more than half what the funds took in during 2018.
Read the full article on Bloomberg