Vanguard Group’s decision last month to quit a key climate change coalition underscores how the retail investors who dominate its client base focus less on environmental, social and corporate governance (ESG) priorities than institutional investors. Neil Bathon, managing partner of funds researcher FUSE Research Network, said obscure and inconsistent ESG ratings also make it hard for individuals to understand the value of ESG investing, especially after a fall-off in tech stocks and rising oil prices last year hurt returns in ESG funds.
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Article published on January 12, 2023