ESG fund managers in US see worst quarterly outflows
Fri, Apr 26, 2024 8:37 AM

ESG fund managers in US see worst quarterly outflows

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US fund managers suffered their worst-ever quarter for ESG-focused products as the pace of client redemptions intensified. Client withdrawals from US funds targeting environmental, social and governance goals reached $8.8 billion in the first three months of 2024, according to fresh data compiled by Morningstar. . That stood in stark contrast to the roughly $11 billion of inflows into ESG funds.

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