Was Tesla Key to ESG Outperformance Last Year?
Maybe, but there were other factors at play.
Maybe, but there were other factors at play.
In a tumultuous market, sustainable U.S. stock funds had the wind at their back in 2020, with help from their tilts toward the market's top-performing technology stocks and their avoidance of energy companies thanks to their environmentally friendly mandates.
Among the holdings that fueled strong performance in a number of environmental, social, and governance funds were Tesla (TSLA), up 743% last year, and Nvidia (NVDA), up 122%.
Katherine Lynch does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.