Was Tesla Key to ESG Outperformance Last Year?
Maybe, but there were other factors at play.
Commentary
Mentioned: Vestas Wind Systems A/S (VWDRY)
, Tesla Inc (TSLA)
, Enphase Energy Inc (ENPH)
, Meta Platforms Inc (FB)
, RingCentral Inc (RNG)
, Alphabet Inc (GOOG)
, Five9 Inc (FIVN)
, Wayfair Inc (W)
, SolarEdge Technologies Inc (SEDG)
, Etsy Inc (ETSY)
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%.
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Katherine Lynch does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.