COVID-19 as Inflection Point for Social Investing
By Bill Hortz
The COVID-19 pandemic seems to be marking a major change in thinking and perceptions across health, justice, as well as, in government, corporate, and personal responsibility. All of a sudden the concept of “social responsibility” is less conceptual or academic and is now more visceral and relevant to daily life, business, and employment realities. Every day in the news, in personal discussions, and in our attempts to deal with this massive disruption in our lives, we can now clearly see interconnections and consequences.
In the area of investing, there is no more pronounced momentum change than in the attention and movement towards social investing. Morningstar reported that in Q12020 global sustainable funds saw inflows of $45.6 billion versus the broader fund universe having an outflow of $384.7 billion.
Photo courtesy of GotCredit.
Source: Nasdaq (link opens in a new window)