Largest US ESG funds outperform

Nine of the biggest ESG mutual funds in the US outperformed the S&P 500 last year, according to a report by Bloomberg.

The top performing fund was the $878 million Ave Maria Growth Fund followed by the $3.8 billion Calvert Equity Fund and the $4.9 billion Putnam Sustainable Leaders Fund. All three funds gained more than 35%, compared with the S&P 500’s 31.5%. Morgan Stanley’s $3.9 billion Global Opportunity Portfolio and the $2.1 billion Brown Advisory Sustainable Growth Fund ranked top over the five-year period.