Bloomberg Almost Reports the Truth About ESG, But Backs Off Yet Again

You know things are getting really bad in ESG world when even the boosters at Bloomberg are writing negative headlines about it. That happened overnight, as Bloomberg published an investigative story from two of its reporters under the headline, “Goldman, JPMorgan Weigh In as ESG Funds Suffer Historic Blow.”

Yikes. Are things really that bad?

Apparently, they really are. Check out the chart that ran within the story, detailing the massive underperformance of ESG-focused funds compared to the overall S&P index: