Funds prioritising environmental, social and governance concerns face their biggest test as investors lose interest, triggering a wave of closures.
Australian investors allocated $800 million into ESG exchange-traded funds over the past year, representing just 3 per cent of all new money going into ETFs, according to figures compiled by Global X, one of the world’s largest providers.
Source: https://www.afr.com/markets/equity-markets/esg-investing-on-shaky-footing-as-green-fatigue-sweeps-etf-market-20241219-p5kzli