Russia’s ongoing war in Ukraine forced traders to reconsider investing in energy and weapons stocks again. What’s happening: “The US really tells the story of the sharp rise in ESG investing commencing shortly after the market recovered from the initial pandemic sell-off in 2020, only to take on near meme-stock status in the YOLO (you only live once) 2021, work-from-home bull market, then crescendo at the end of 2021,” said Robert Jenkins, head of global research at Lipper.īut in 2022, the pace of inflows quickly eased as a confluence of political, geopolitical and market events severely damaged interest in ESG investing. The cumulative flow of investments into US ESG funds has been flat to slightly negative since the first quarter of 2022, according to data shared exclusively with CNN by Lipper, a financial data provider. Mentions of ESG in company statements and earnings calls have declined significantly since their 2021 peak and BlackRock CEO Larry Fink, an early leader in the adoption of ESG standards, decided to banish the term from his vocabulary, saying it has become too political.
Environmental, social and corporate governance, or ESG, investing is on a downward spiral.
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