Investors withdrew an estimated US$8.6bil in the first quarter of this year, Morningstar said. — Bloomberg
NEW YORK: The global market for sustainable funds just suffered its worst quarter on record with redemptions reaching an all-time high, according to a fresh analysis by financial-services company Morningstar Inc.
Against a backdrop of “geopolitical uncertainty and a growing backlash against environmental, social and governance (ESG) goals,” investors withdrew an estimated US$8.6bil in the first quarter of this year, Morningstar said yesterday.
