by Tony DeSpirito, Chief Investment Officer for U.S. Fundamental Active Equity
Capital at risk. All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed.
The COVID-19 pandemic has been extraordinary in countless ways. Beyond the deeply felt strains on health and humanity, it is an economic and social issue with generational consequences. We believe it could also be a defining moment for environmental, social and governance (ESG) issues.
From a social perspective, we expect companies will be remembered and rewarded on their actions during this crisis. The societal role of corporations has been illuminated like never before, and we expect business will go to those companies deemed to have done the right thing by their employees, customers and communities in this most trying of times.
From an environmental perspective, we could see this crisis bringing even greater attention to the impacts of climate change. Coronavirus has made it clear that when it comes to human vs. nature, the upper hand goes to nature. Many may begin to take environmental issues more seriously.
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