Which ESG Shops Killed It For the Past 10 Years?
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Wednesday, August 12, 2015

Which ESG Shops Killed It For the Past 10 Years?

The hottest ESG mutual fund family of the past decade is Parnassus [profile].

Per data Morningstar put together for MFWire, for the decade ended June 30, 2015, Parnassus' ESG (environmental, social, and governance) funds brought in net inflows of $7.58 billion, nearly $3 billion more than any other ESG fund family.

Other hot ESG fund families of the decade include: American Century [profile], whose ESG funds brought in $4.62 billion; TIAA-CREF [profile], $2.02 billion; Eventide [profile], $1.66 billion; and Calvert [profile], $1.38 billion. In total, Morningstar provided data on ESG funds from 52 different fund families, 33 of which had positive net inflows over the past 10 years.

On the flipside, 19 of those fund families saw net ESG fund outflows over the past 10 years. At the top of the outflow list is Ariel [profile], which suffered $2.52 billion in net ESG fund outflows. Other big sufferers include: Praxis [profile], $1.84 billion; Pimco [profile], $1.82 billion; Invesco [profile], $1.69 billion; and New Covenant [profile], $999 million.

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