BlackRock Joins Allianz, Invesco Saying ESG Outperformed

BlackRock Inc. added its contribution to a growing body of research showing that ESG portfolios -- those that consider environmental, social and governance issues alongside regular financial considerations -- outperformed traditional market benchmarks in the recent market downturn.

The New York-based firm, which oversees about $6.5 trillion of assets, said in a research note Monday that 88% of sustainable indexes did better than their non-sustainable counterparts in the first four months of 2020. That comes after those same 32 indexes, which BlackRock says are widely used and represent the global market, notched superior performance to their traditional counterparts during declines in 2015-2016 and 2018.