Fund Managers Use Controversial Bet to Beat Pack: ESG Regulation

This year’s best-performing ESG fund managers have relied heavily on some of the most carbon-intensive assets, ostensibly in keeping with regulations intended to steer capital toward a greener future.

The top-ranked ESG equity fund in the year through mid-June, which is managed by Eurizon Asset Management, gained almost 16%, compared with the average 20% decline for its European peers.