Environmental, Social, and Governance investing is one of the hottest topics in finance. Scott O'Reilly, VP of Investment Product at Fidelity, sat with us to discuss how to evaluate ESG investment options.
O'Reilly said ESG used to be seen as a way to eliminate sin stocks. Now, the strategy has become a more innovative way to consider a company's risks, he added.
One major concern for the investment approach has been the idea of sacrificing portfolio returns. O'Reilly said research has shown that fear, so far, hasn't turned into reality. He sees ESG investing as a way to avoiding the kinds of risks a company could have that would impact their performance
Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default.
Stocks closed higher on Wall Street as earnings reporting season got underway and CEOs began to show how well or poorly they’re navigating high inflation and a slowing economy.
