Sun, Nov 19, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Green Alpha Advisors goes long on the 'next economy'

Friday, July 14, 2017

Bailey McCann, Opalesque New York:

Garvin Jabusch co-founder and CIO of Denver-based Green Alpha Advisors bristles at being lumped in with other sustainability and ESG funds. When we met, he was in New York to speak at a sustainable investing conference about what he calls the "next economy" and explain why it's the future of ESG investing. "The problem with a lot of ESG funds you see out there today," he says, "is that they just screen out industries like tobacco or oil and call it sustainable without thinking through what the future is. That's not a sustainability strategy, that's just slightly greener benchmark beta."

For Jabusch, many ESG strategies are too heavily correlated to the S&P 500 benchmark, which is essentially an index of the legacy economy. Big chunks of the benchmark include companies that only fit an ESG strategy if the definitions of ESG and sustainability specifically, are generous enough to support natural gas producers or heavy manufacturing companies. Jabusch contends that a true ESG strategy should be focused on the economy of the future, which means looking at companies that are positioned to deal with climate change, resource scarcity and widening inequality.

"If you want to invest in sustainability, you shouldn't start with the old economy as a basis for your thinking. When we start looking at companies to invest in, we start with what the science and research on the future says and we end with a list of stocks derived ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W