Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Morningstar, Inc.    MORN


News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Sustainable funds 'held their own' in Q2 rebound -Morningstar

share with twitter share with LinkedIn share with facebook
07/10/2020 | 01:46pm EDT

BOSTON, July 10 (Reuters) - Most sustainable equity funds performed well during the second-quarter comeback rally of U.S. stocks, researcher Morningstar said in a report, gaining an edge on rival funds by owning companies with lower risk levels.

The results bolster an investment approach that is gaining popularity with clients and asset managers, even as it draws scrutiny from the Trump administration on concerns the approach does not prioritize returns.

Sustainable funds use a range of investment strategies focused on various factors, including environmental, social and corporate governance (ESG) matters.

For the three months ended June 30, among 212 sustainable stock funds, 56% ranked in the top half of their categories, Chicago-based Morningstar said in a report sent by a representative on Friday. That continued their outperformance record from the first quarter and left 72% of sustainable equity funds in the top halves of their Morningstar categories for the year.

Morningstar analyst Jon Hale wrote that the funds' better relative performances reflect their tendency to own companies with stronger environmental, social or governance criteria, and lower risk levels for those areas.

He wrote that "basing investment decisions only on the financial health of a business no longer captures the essence of the 21st-century corporation, if it ever did. Investors that use ESG insights are able to construct a more holistic view of a company."

The performance was also noteworthy, Hale wrote, because the funds tend to underweight energy stocks such as oil companies. Energy was the top-performing sector during the market rally that made the second quarter the best for the S&P 500 since 1998.

All 26 index funds built with environmental, social or governance criteria outperformed their conventional counterparts for the year to date. The Vanguard ESG US Stock ETF, for example, had a total return of 0.23% for the period, beating 93 percent of peers. (Reporting by Ross Kerber; Editing by Dan Grebler)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.89% 26664.4 Delayed Quote.-7.39%
LONDON BRENT OIL 0.99% 43.85 Delayed Quote.-33.91%
MORNINGSTAR, INC. -1.09% 166.21 Delayed Quote.11.06%
NASDAQ 100 1.37% 11055.076191 Delayed Quote.24.88%
NASDAQ COMP. 1.47% 10902.797333 Delayed Quote.19.76%
S&P 500 0.72% 3294.61 Delayed Quote.1.25%
WTI 1.46% 40.72 Delayed Quote.-34.36%
share with twitter share with LinkedIn share with facebook
Latest news on MORNINGSTAR, INC.
08:03aRefiners Retrench as Demand For Gasoline, Jet Fuel Shrivels -- Update
05:45aRefiners Retrench as Demand For Gasoline, Jet Fuel Shrivels
05:45aNasdaq Indexes Lead Way on Both Sides of Atlantic
07/31MORNINGSTAR : Management's Discussion and Analysis of Financial Condition and Re..
07/30MORNINGSTAR, INC. : Results of Operations and Financial Condition, Financial Sta..
07/30GRAIN HIGHLIGHTS : Top Stories of the Day
07/30Big Tech Outperforms Amid Pandemic -- Earnings at a Glance
07/30Sales of Household Staples Boost Results -- Earnings at a Glance
07/30Kraft Heinz, Kellogg Say Pandemic Boosted Demand for Packaged Food
07/30KOMATSU : Japan's Komatsu says China demand recovering but profit to plunge
More news
Financials (USD)
Sales 2019 1 179 M - -
Net income 2019 152 M - -
Net Debt 2019 320 M - -
P/E ratio 2019 43,0x
Yield 2019 0,75%
Capitalization 7 191 M 7 191 M -
EV / Sales 2018 4,27x
EV / Sales 2019 5,77x
Nbr of Employees 6 914
Free-Float 40,8%
Duration : Period :
Morningstar, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MORNINGSTAR, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Kunal Kapoor Chief Executive Officer & Director
Daniel Edward Needham President & Chief Investment Officer
Joseph D. Mansueto Executive Chairman
Christopher P. Boruff Operations Director
Jason M. Dubinsky Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
MORNINGSTAR, INC.11.06%7 191
S&P GLOBAL INC.28.27%84 410
RELX PLC-15.25%40 840
EQUIFAX INC.16.01%19 744