Electric vehicles at a charging station in London, England. Agence France-Presse/Getty Images
The sustainable and ESG investing revolution is set to continue in 2021, with investors looking for the next wave of opportunities,
Morgan Stanley strategists said, as they revealed the 15 stocks to buy.
The investment bank’s strategists, led by Jessica Alsford, said the pace of ESG-related outperformance could slow in 2021, given the correlation to Quality stocks, which they expect to underperform Value. However, they noted that long term structural trends benefiting ESG names and indexes were “only likely to increase.” Morgan Stanley’s global strategy team preferred cyclical names instead, which account for 10 of their top 15 stock picks.