Gustavo Bernal Torres
Cooling Of ESG Euphoria Presents An Opportunity For Investors
‘Naive’ initial stage of ESG is over.
Markets are moving past the “euphoric and naive” initial stage of ESG investing and finally transitioning into a more “sober and realistic” assessment focused on fair value, said Mike Coop, CIO at Morningstar Investment Management EMEA.
"Many of the US stocks were very overvalued last year, across the range, but I think we started to see the more technology focused play start to return back to Earth. There has also been some degree of sell off in some of the transport related stocks that I think makes it a bit easier to invest in those," he said.