Your feedback ensures we stay focused on the facts that matter to you most—take our survey
Investors pull record amounts out of ESG funds (2024)
| Environmental, social, and corporate governance |
|---|
|
| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
Investors continued to pull record amounts of money out of ESG investment funds in the first half of 2024:
| “ |
H1 of 2024 has been the worst period yet for ESG funds and ETFs, with more outflows and fund closures so far this year than any period since Morningstar began tracking their flows in 2018. US sustainable funds shed $13.5bn in H1, more than double the approximately $5.5bn it shed in the first half of 2023, according to data from Morningstar. Outflows persisted in both active (-8.3bn) and passive (-$5.1bn) ESG funds. Equity ESG funds suffered the greatest outflows (-14.5bn) followed by allocation funds (-$220m) and commodities (-$97m). Fixed income is the only category that has had continued inflows since the market selloff in 2022. For H1, fixed income ESG funds took in $1.1bn.[1] |
” |
See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
| |||||||||||||||||||||||
