The Business Times
business-time-50
SUBSCRIBERS

Asia ex-Japan ESG funds return -20.1% in 2022, lagging broader market

google-preferred-sourceAdd BT as a preferred source
Janice Lim

Janice Lim

Published Mon, Jan 9, 2023 · 05:50 AM
    • ESG funds suffered from the wider turmoil in financial markets in 2022, with data from Morningstar showing that ESG funds in Asia ex-Japan registered negative returns of 20.1 per cent for the whole year, underperforming non-ESG funds which had an annual average negative return of 13.6 per cent.
    • ESG funds suffered from the wider turmoil in financial markets in 2022, with data from Morningstar showing that ESG funds in Asia ex-Japan registered negative returns of 20.1 per cent for the whole year, underperforming non-ESG funds which had an annual average negative return of 13.6 per cent. PHOTO: PIXABAY

    ENVIRONMENTAL, social and governance (ESG) funds in Asia excluding Japan underperformed in 2022, and market watchers expect the macroeconomic uncertainties that plagued the sustainability space to persist in the year ahead.

    Data from Morningstar showed that ESG Asia ex-Japan funds lost 20.1 per cent in 2022, underperforming non-ESG funds, which had an average negative return of 13.6 per cent.

    Even the best performing funds in Asia ex-Japan saw positive returns in the single digit, while the worst ones were down by at least 40 per cent.

    ESGGreen fundssustainable investingFund management

    TRENDING NOW

    The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

    Shanda co-founder sells Tanglin Hill bungalow for S$76 million

    Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

    Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

    China has launched the biggest shake-up of its cross-border tax system in decades, threatening three popular brokers with at least US$330 million of penalties.

    China targets offshore billions in biggest crackdown in decades

    Beyond structural portfolio shifts, the study highlighted paradoxes regarding intergenerational wealth planning and succession.

    Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More