Investors pulled almost a billion pounds from funds that invest in line with ESG criteria in August, marking the fourth consecutive month of outflows for the sector.
This takes the total withdrawn from ESG funds since May to £1.96bn, according to the latest Fund Flow index from data provider Calastone. Before 2023, only one month had seen outflows since the ESG boom began in early 2019. Edward Glyn, head of global markets at Calastone said the move out of ESG funds has gathered pace in a "remarkable reversal" after the boom in recent years. "Four months of outflows signals a new trend emerging that fund houses will have to work hard to counteract," he said. "ESG funds are mainly actively managed, so they have offered a helpful bulwark against ...
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