Aegon Asset Management’s Malcolm McPartlin has said advisers face a growing struggle when comparing sustainable funds because the ratings agencies have such wildly differing results.
Speaking at Professional Adviser's ESG Masterclass event on 28 October the investment manager said ESG rating agencies use different methodologies, which can make it difficult to draw a correct conclusion when comparing funds. McPartlin compared ESG ratings for companies on the FTSE and the MSCI and found that they both had different ratings for the same stocks. "Our community faces challenges in determining which companies or indeed funds have good ESG credentials and which are bad. What is good and what is bad can be turned on its head depending on the lens you use," McPartlin said....
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