The idea that sustainable investing is a recipe for underperformance is a myth, said Morningstar in a report issued Monday. In fact, sustainable or responsible funds and indexes perform on a par with similar conventional funds and indexes, despite the belief by many that investors have to be prepared for lower returns if they want to be socially responsible, Morningstar said in the Morningstar Manager Research report, in which it compared dozens of in-depth studies on the issue.
