(Bloomberg) -- Sustainable investing is exploding in Canada as the coronavirus and an anti-racism movement highlight long-standing social inequalities.Net inflows into Canadian exchange-traded funds that track companies focusing on environmental, social and governance factors has surged to C$740 million ($544 million). That has already outstripped the C$200 million invested in 2018 and the C$142 million last year, excluding seed capital, according to TD Securities Inc. With 15 new ESG products launched in Canada this year, investors now have 38 ETFs focused on impact investing to choose from.“In a time where the conscious investor is experiencing and observing a great deal of social and economic change, funds that provide exposure to companies that are aware of the environmental, social, and governance impact of their businesses have increased in popularity,” said TD analyst Andres Rincon.Covid-19 has hit the weakest and lowest-paid the hardest, and investors are taking a closer look at how companies...
(Bloomberg) -- U.S. stocks dropped the most in more than a week amid a renewal of uncertainty over how quickly states can emerge from lockdowns. Oil rallied for a second day.The S&P 500 fell 0.6% in volatile trading, led by declines in utilities, energy ad industrial shares. On the week, the benchmark index closed up 1.9%. Stocks had rallied amid reports that China plans to accelerate purchases of American farm goods to comply with the phase one U.S. trade deal, only to have the gains erased after data show record levels of Covid 19 in Florida and Arizona. Investors were whipsawed by bouts of volatility as a welter of options expired in a quarterly event know as quadruple witching.“That’s a worrisome sign for markets,”said Matt Forester, chief investment officer of BNY Mellon’s Lockwood Advisors. “This is a continuation of the first wave, this is not a second wave.”In Europe, investors focused...
