Back in my day as a stockbroker, the term for buying stocks in companies that avoided things like tobacco, animal testing, and corporate irresponsibility, was known as socially responsible investing. Now the term is ESG: environmental, social, and governance, and the values of those such-themed assets under management are growing fast and are projected to climb to more than $50 trillion or 1/3 of the projected global assets by 2025 due to strong demand. However, our next guest says that due to the broad interpretation and lack of a universally agreed definition, returns on these portfolios can vastly differ.
Mike Switzer interviews Susie Wang, a chartered financial analyst with Dividend Assets Capital in Ridgeland, SC. She is also a member of the SC Chapter of the CFA Society.