Global ESG investments see outflows for first time (2024)
From Ballotpedia - Reading time: 4 min
| Environmental, social, and corporate governance |
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| • 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 |
Although American ESG funds and British ESG funds have seen outflows over the past couple of years, ESG had continued to grow globally until recently:
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Although buoyant markets are still lifting their overall assets under management — now at apparently over $1.7tn — ESG funds are suffering severe outflows for the first time in their (admittedly limited) history this year. The recent outflows can’t be based on dismal markets and broad outflows either: global equity funds that don’t explicitly market themselves as ESG-focused have taken in $216bn already this year, according to EPFR’s data…. [SocGen’s Arthur] Van Slooten reckons that the outflows are mainly due to the underperformance of a lot of mainstream ESG indices and approaches, and argues that an “overhaul” of the strategy — naturally including more analyst forecasts — would be better.[1] |
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See also[edit]
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links[edit]
Footnotes[edit]
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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