ESG equity funds suffer big outflows, buffeted by market jitters and U.S. backlash

ESG funds that invest in shares saw $15.4 billion of net outflows in the second quarter, outpacing first quarter net inflows after a particularly rough June and even as global stock markets rallied, the data showed.

“Nervousness around equities as an asset class now also means nervousness about ESG equities,” said Edward Glyn, head of global markets at Calastone, which tracks fund flows. Some Republican politicians have pursued a campaign against ESG-driven investing, making asset managers increasingly nervous about playing up their ESG credentials.

Data providers differ in what they consider to be an ESG product. Morningstar’s global director of sustainability research, Hortense Bioy, said their preliminary data suggested demand for more stringent ESG funds appeared resilient.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

U.S. stocks decline as China data saps risk sentiment - BNN BloombergU.S. equity futures and European stocks followed Asian shares lower, while bonds declined after weak services-industry data from China raised fresh concerns about the outlook for the global economy.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »