Scientific Beta

Investing.com: "US equity ESG (Environmental, Social, and Governance) ETFs, which held $97.6 billion in assets by the end of 2022, have been revealed to annually underperform by 0.7 percentage points. This finding was highlighted in a report titled "Sustainability Alpha in the Real World," authored by Felix Goltz of Scientific Beta. Despite a significant tracking error, these funds failed to outperform due to sector biases and a lack of qualitative analysis."

Investing.com 27/09/2023

"(...) US equity ESG (Environmental, Social, and Governance) ETFs, which held $97.6 billion in assets by the end of 2022, have been revealed to annually underperform by 0.7 percentage points. This finding was highlighted in a report titled "Sustainability Alpha in the Real World," authored by Felix Goltz of Scientific Beta. Despite a significant tracking error, these funds failed to outperform due to sector biases and a lack of qualitative analysis. In addition to this underperformance, the report also noted that these funds have higher expense ratios. This indicates that investors are paying more for management fees and other costs associated with these funds, further eroding their returns. (...)"