ESG funds spurned for safer bets in Q1
US investors pulled $5.2 billion from environmental, social and governance funds last quarter, according to a report by Morningstar.
U.S. funds that choose stocks based on environmental, social and governance criteria posted outflows for the second consecutive quarter as investors fled to safer assets amid Federal Reserve rate hikes.
Investors yanked $5.2 billion from U.S.-domiciled sustainable funds in the first quarter of th
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