ESG Value Investing With Parnassus Investments

Environmental, social and governance investing, or ESG for short, is rapidly gaining traction among investors who want to make money, but at the same time be sure that the companies they invest with are responsible corporate citizens. Following such a strategy does not hold back performance, just look at the returns generated by Parnassus Investments, which has outperformed the S&P 500 by 270 basis points annually since 2001. One of the firm’s leading funds, the Endeavour Fund, managed by Jerome Dodson, has produced a return of 12.4% since inception (2005), compared to 8.6% for the S&P 500. [klarman] Value Investing:…