https://www.pionline.com/esg/us-esg-funds-notch-first-year-outflows-2023?utm_campaign=smartbrief
U.S. sustainable funds had their worst calendar year in 2023, according to Morningstar, which has been tracking them for more than a decade.
Investors pulled $13 billion from U.S. sustainable funds in 2023, including $5 billion in the fourth quarter alone, due to a combination of lagging performance, politics and one iShares fund’s bad year.