The investing strategy has become increasingly politicized after being used by companies to address E.S.G.
Investors pulled $5 billion out of E.S.G.-focused “sustainable” investment funds last quarter, according to a new report by Morningstar.
The withdrawals came amid a wider market rally at the end of 2023.
For the full year, $13 billion was pulled from E.S.G.
All in all, it was the “worst calendar year on record,” wrote Alyssa Stankiewicz, Morningstar’s director of sustainability research.
Persons:
Morningstar, ”, Alyssa Stankiewicz
Organizations:
Economic, Investors
Locations:
Davos, Switzerland, E.S.G