How to find a mutual fund that’s truly climate friendly
The greenest portfolios don't just grow on trees.
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(Mark Hulbert, an author and longtime investment columnist, is the founder of the Hulbert Financial Digest; his Hulbert Ratings audits investment newsletter returns.)
CHAPEL HILL, N.C. (Callaway Climate Insights) — Should a mutual fund manager be labeled “climate friendly” for investing in Tesla $TSLA ?
The answer turns out to be surprisingly complicated. On the one hand, since Tesla is doing so much to reduce fossil fuel use, you could easily argue that a manager deserves climate-friendly credit for investing in the company’s stock. On the other hand, S&P 500 index funds also invest in Tesla, and it doesn’t seem right to call a passive index fund “climate friendly” just because Tesla is in that index.
A new study proposes an answer that is conceptually simple but quite difficult to actually calculate: Measure the extent to which a portfolio deviates from what it would have held independent of ESG. …
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Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.
Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community.
Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.
Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, moderating workshop sessions at regional conventions.
