What in the world is an ESG? The article does not define it (poor journalism) and I have never heard of the term before? Can a brethren freeper help me out on this one?
ESG investing researches Environmental, Social and Governance issues as well as the traditional financial information.
In other words, it adds irrelevant factors into evaluation of investments and will therefore produce lower returns. Look at the historical performance of the investment vehicles which avoided "sin" companies. Mostly alcohol and tobacco.