“ESG” (Environmental, Social and Governance) investing refers to a class of investing that is also known as “sustainable investing. Forbes speaks with Miracle Mile Advisors on times when investors might see ESG issues align with stock performance.
“Each ESG circumstance must be analyzed on a case by case basis,” says Frank Lee, Managing Director for the Institutional Division of Miracle Mile Advisors in Los Angeles. “An example of a company’s ESG issues being aligned with the financial performance of the stock is Wells Fargo. Due to poor corporate ‘Governance’ (the ‘G’ in ESG) with fraudulent accounts and overcharging, Wells Fargo stock has suffered and underperformed versus its peers and the broad market.”
Read the full article: When Might You See ESG Issues Align With Stock Performance? (Forbes)
