U.S. Markets closed
  • S&P 500

    4,136.48
    -43.28 (-1.04%)
     
  • Dow 30

    33,926.01
    -127.93 (-0.38%)
     
  • Nasdaq

    12,006.96
    -193.86 (-1.59%)
     
  • Russell 2000

    1,985.53
    -15.69 (-0.78%)
     
  • Crude Oil

    73.14
    -2.74 (-3.61%)
     
  • Gold

    1,877.80
    -53.00 (-2.74%)
     
  • Silver

    22.37
    -1.24 (-5.27%)
     
  • EUR/USD

    1.0803
    -0.0108 (-0.9938%)
     
  • 10-Yr Bond

    3.5320
    +0.1360 (+4.00%)
     
  • Vix

    18.39
    -0.34 (-1.82%)
     
  • GBP/USD

    1.2056
    -0.0173 (-1.4130%)
     
  • USD/JPY

    131.1910
    +2.5870 (+2.0116%)
     
  • BTC-USD

    23,369.11
    -417.29 (-1.75%)
     
  • CMC Crypto 200

    535.54
    -1.32 (-0.25%)
     
  • FTSE 100

    7,901.80
    +81.64 (+1.04%)
     
  • Nikkei 225

    27,509.46
    +107.41 (+0.39%)
     

Qatar World Cup controversies raise profile of sports-related ESG, says portfolio manager

Qatar World Cup controversies raise profile of sports-related ESG, says portfolio manager

The controversial Qatar World Cup is raising the profile of sports-related Environmental, Social, and Governance investing, according to Luis Garcia Alvarez, equity portfolio manager of the MAPFRE AM Behavioral Fund. “If there’s one thing that has characterized the weeks and months leading up to this World Cup in Qatar, it’s the controversies surrounding the social and ethical implications that choosing this host country has had, with the situation further clouded by suspicions surrounding possible governance failures at FIFA when the host country was being selected,” he said, in a statement emailed to MarketWatch.