Danish and Swedish companies are popular in ESG funds

Renewable energy and healthcare companies from Nordic countries are popular holdings in European ESG equity funds, according to a new study from Credit Suisse.

Only two renewable energy names, Ørsted and Vestas, are among the 45 most commonly held companies in ESG equity funds. | Photo: Jens Dresling

The most-owned stocks in ESG funds tend to be large caps, shows a study done by Credit Suisse's research team. The team has analyzed 109 active equity funds with a stated ESG, impact or sustainable angle.

In an interview with newssite, Eugene Klerk, global head of ESG research at Credit Suisse, said that large-cap names such as Novo Nordisk from Denmark and Unilever from Britain are popular in Europe, while Taiwan Semiconductor, Alibaba and Tencent lead the way in Asia. 

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