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ESG Takes Over Wall Street: But What Do Those Letters Mean?

References to "ESG" principles doubled last quarter and a full 35% of S&P 500 constituents talked about injustice and equality on their earnings calls. It's a smart choice. When real returns are compressed, realistic investors seek different rewards and adroit wealth managers need to find other value levers to justify fees while performance recovers. Aligning the portfolio with the client ethos is a great place to start.