Morningstar IM's Coop: Cooling of ESG euphoria presents an opportunity for investors

Speaking at the Morningstar Investment Conference yesterday (5 July), Coop said that this year's tumble of stocks favoured by ESG funds has brought the sustainable investing space to a reckoning. Indeed, many of the world's ESG funds have been battered in the first half of 2022 as their heavy exposure to tech stocks dragged down performance. However, Morningstar's EMEA chief noted that the fall in valuations may present a compelling opportunity for investors.   "The fact that some of the euphoria that was building up last year has been washed away actually makes me very enthusiastic,"...