Funds marketed with a sustainable label were hit with $12.4bn in net outflows in the US in the past 12 months even as green funds in Europe added $126.3bn, according to the data provider Morningstar. The rift between the jurisdictions is a sign that the political backlash against asset managers who take a position on
The post USA fact of the day appeared first on Marginal REVOLUTION.
Funds marketed with a sustainable label were hit with $12.4bn in net outflows in the US in the past 12 months even as green funds in Europe added $126.3bn, according to the data provider Morningstar.
The rift between the jurisdictions is a sign that the political backlash against asset managers who take a position on environmental, social and governance issues in the US have started to dampen appetite for ESG strategies, analysts say.
Here is more from Kenza Bryan at the FT.
The post USA fact of the day appeared first on Marginal REVOLUTION.
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