Australian equity environmental, social and governance (ESG) funds saw a post-US election boost, as the Biden presidency has benefited ESG funds with holdings in renewables.
President Biden had already signed several executive orders related to environmental protections, which included re-entering the US into the Paris Agreement.
According to FE Analytics, within the Australia Core Strategies universe, the Australian equity sector returned 1.23% over the 12 months to 30 November, 2020.
There were 19 funds labelled ethical/sustainable in the sector, with 11 outperforming the sector average.
Australian Ethical Australian Shares returned 17.59%, followed by Ausbil Active Sustainable Equity (12.21%), BlackRock Concentrated Total Return Share (5.7%), Perpetual Ethical SRI (4.53%) and Onepath Sustainable Investments...