ESG ‘vibe’ check: ‘Stock market investors are pulling a record amount of cash out of climate funds’

[rangerrebew]

ESG ‘vibe’ check: ‘Stock market investors are pulling a record amount of cash out of climate funds’ – ‘The main driver of the exodus is bad vibes’
By Marc Morano
December 6, 2024
12:15 pm

https://www.semafor.com/newsletter/12/06/2024/opec-is-gearing-up-for-a-game-of-chicken-with-trump

ESG vibe check
Via  Semafor:

Stock market investors are pulling a record amount of cash out of climate funds, even though many have not underperformed.

A chart showing the net investment flows to ESG funds.

Globally in 2024, nearly $600 billion was held in mutual funds and ETFs designed around shares of companies participating in the energy transition, according to a report this week from Morningstar Sustainalytics. That’s 6% more than last year. But the growth is only because many of those stocks have gained value, not because more investors are putting their money into the funds, said Hortense Bioy, Morningstar’s head of sustainable investing research.

https://www.climatedepot.com/2024/12/06/esg-vibe-check-stock-market-investors-are-pulling-a-record-amount-of-cash-out-of-climate-funds-the-main-driver-of-the-exodus-is-bad-vibes/