$200 Party, page-340

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01/07/21

09:29

Post #: 54196952
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Originally posted by madamswer ↑

Tell you what I’ll do for you seeing you are a bit time poor.

I’ll summarise my post for you with the following simple points:

1. The average investment returns generated by ethical funds appear to be inflated through the cherry-picking of selected managers for the survey.

2. Those average investment returns are low, in the context of typical portfolio tracking error.

3. Many investors on this forum would generate better investment returns than the ethical fund average.

Now getting back to CSL (after all, this is the CSL thread):

You seem to be suggesting, through your sanctimonious sermonising to the rest of us, that CSL has been a good performer because it is an ethical business.

That it is an ethical business is, in and of itself, not reason alone for CSL’s superior performance.

It’s performance is superior because it is an excellent business model and is run by people who are very astute allocators of capital.

A high level of ethics is a necessary, but not both a necessary and sufficient, condition for business success .

There are a great number of highly ethical, noble and virtuous companies that end up being woeful investments and destroying a lot of shareholder value.

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Ethical investment funds now going gangbusters. My RMD and COH holdings are at an all time high. CSL I am willing to bet will hit $350 in next 12 months. Anyone interested in the benefits of ethical investing should read this:

Shareholders of Australian Ethical Investment (ASX:AEF) Must Be Delighted With Their 941% Total Return
By
Simply Wall St Published June 01, 2021

CSL Price at posting: $285.19 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last $250.66		Change 9.060(3.75%)		Mkt cap ! $121.3B

Open	High	Low	Value	Volume
$241.26	$250.74	$241.26	$215.9M	868.9K

Buyers (Bids)

No.	Vol.	Price($)
1	11	$250.66

Sellers (Offers)

Price($)	Vol.	No.
$250.70	100	1

View Market Depth

No.	Vol.	Price($)
1	11	250.660
1	19	250.450
1	20	250.300
1	59	250.010
4	1114	250.000

Price($)	Vol.	No.
250.700	100	1
250.740	250	2
250.750	500	1
250.800	20	1
250.880	125	1

Last trade - 16.10pm 15/07/2025 (20 minute delay)

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