January Reverses 2022 Trends
January saw a massive reversion of the previous years’ ESG reversion. Everything that got killed in 2022 like tech, ESG strategies, and the SPX screamed higher. 2022’s outperformers like ESG Orphans and energy and value lagged. Stay the course, ESG Orphans will work on longer time horizons.
Happy New Year! Bearish action defined 2022. Those have been rare since the Global Financial Crisis.
It was quite a month with the ESG Orphans ETF $ORFN advancing 5%. That compares to +5.4% for the $QQQ, +5.4% for the $SPY, and +2.2% for the $IWM. For the ESG-related ETFs, we saw ESGU (Blackrock’s ESG ETF) +5.5% and ESGV (Vanguard’s ESG ETF) +5.4%.
ESG Orphans November 2022 Recap: ESG Orphans thankful for November. YTD Orphans outperforming most things.
It was quite a month with the ESG Orphans ETF $ORFN advancing 5%. That compares to +5.4% for the $QQQ, +5.4% for the $SPY, and +2.2% for the $IWM. For the ESG-related ETFs, we saw ESGU (Blackrock’s ESG ETF) +5.5% and ESGV (Vanguard’s ESG ETF) +5.4%.
ESG Orphans October 2022 Recap: Gains Led by Energy and Defense
The ESG Orphans ETF $ORFN gained 13.2% in October tracking the ESG Orphans Index that gained 13.3% in the month.
September 2022 Recap: ESG Orphans Thrown Out With The Bathwater
It was a September to remember in the markets. The ESG Orphans Index fell 9% in September. No place was safe to hide. Even what we consider “safer” areas of the markets, lower beta, value names, dividend paying sectors, were not safe. It reminded us of the old adage, “When they raid the house of […]
ESG Orphans August Recap
August gross returns$ORFN -0.01%SPY -4.08%QQQ -5.13%IWM-2.00%ESGU -4.03%ESGV -4.33%NULV -3.02%IWS -3.13% The August recap: Energy had a resurgence. Utilities did ok. Industrials weighed on the ESG Orphans. Alcohol was heavy with DEO -7.84% and BUD -9.68% (combined ESG Orphans weight 7.23%) dragging the Index down. Those two accounted for approximately -62bps to the ESG Orphans in […]
