ESG funds lose momentum as asset owners, managers rethink role
Investors are becoming more discerning in terms of what they want to see from ESG investments, even as regulatory scrutiny heats up.
Institutional and retail investors are rethinking their investments in environment, social and governance (ESG) funds as they become more discerning about how they go about incorporating sustainability metrics into their investments.
Europe, the biggest market for sustainable funds, attracted $20 billion of net new money in the second quarter, compared with $33.7 billion in the previous quarter. Demand for sustainable funds has cooled over the past few quarters, indicating investo…
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