Spoke to someone who should know about these things last week, who was highly cynical about ethical/sustainable/ESG funds and their recent performance. Which has ranged from pretty good to pretty fantastic. His view is that they’ve only done well because they’re not ‘aligned’ with oil and mining shares and hold lots of Amazon and other tech stocks. I beg to differ. I still think they’re the future. And maybe Boris is ahead of the curve, rather the practising diversionary tactics…
“Wealthy Brits refocus portfolios ethically ‘with urgency'”
What big investors, like fund managers, pension funds, and in this case the ultra-rich do with their money could save the planet more effectively than any of Boris’s bikes. Sorry, maybe that was a tad cynical. But if you want big business to take notice, money talks....