The ESG Managers Portfolios are designed to capture returns from socially responsible investments, focusing on environmental, social, and governance (ESG) issues. They consist of four funds that follow a sustainable approach: ESG Managers Aggressive Growth Portfolio, ESG Managers Growth Portfolio, ESG Managers Moderate Portfolio, and ESG Managers Conservative Portfolio.
The portfolios were launched in 2010 by Pax World Management LLC, and are sub-advised by Morningstar Associates, LLC. The ESG Managers Portfolios are a series of non-proprietary, multi-manager risk-based asset allocation funds that integrate ESG factors into their investment analysis and decision making.
The ESG Manager Portfolios were previously available only through financial advisers; ING says it is the first DC plan provider to offer these funds to workplace retirement plan investors in their education, government, healthcare and not-for-profit market segments.