Months of headlines have featured GOP politicians criticizing investment firms including BlackRock for offering funds that focus on environmental, social and governance issues.
In a bad year for stocks, investors added less to sustainable funds, but will end the year close to flat in asset flows.Rawpixel | iStock | Getty Images You could be excused for thinking, after months of headlines about "woke capitalism" and big stock market declines, that socially-conscious investing was on the run, dogged by hostility from politicians who think that focusing on corporate governance and environmental impact means burning retirees' money to push an agenda other than bottom line return on investment.
The market's struggles in December will likely erase that small gain in net flows by year-end, but the lack of a stampede out of ESG funds belies the negative narrative that has sprung up around ESG investing, said Alyssa Stankiewicz, Morningstar's associate director of sustainable fund research. "Anti-ESG has gotten a lot of attention, and it isn't necessarily reflected in the data," Stankiewicz said. "ESG didn't have that rough of a year at all.
Good!
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
출처: nypost - 🏆 91. / 67 더 많은 것을 읽으십시오 »