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

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    ESGGreen fundssustainable investingFund management

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    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