JPMorgan Says Climate Change Funds Will Pay Off, Eventually

Investors in climate change-related products have been largely disappointed with their returns over the past decade. Yet there is still reason for optimism the investments will ultimately pay off, according to strategists with JPMorgan Chase & Co.

“Despite lackluster impact and returns so far, we do think climate change investing belongs in your strategic portfolio,” strategists including Jan Loeys, senior adviser of long-term investment strategy at JPMorgan, wrote in a Dec. 10 report. That’s even after their finding in a May note that pure-play climate change stock funds have trailed global stocks by about 5% annually over the past 10 years.