Wall Street’s ESG Craze Is Fading | EUROtoday
Wall Street rushed to embrace sustainable investing just some years in the past. Now it’s quietly closing funds or scrubbing their names after disappointing returns which have traders cashing out billions.
The about-face comes after tightened regulatory oversight, increased rates of interest which have slammed clean-energy shares and a backlash that has made environmental, social and corporate-governance investing a political goal.
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