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October 16, 2023

ESG fund outflows point to ‘negativity’ around the label

Photovoltaic panels at a solar farm in Kent, England produce green energy. The UK’s ESG funds are suffering outflows, however, as the label apparently loses favour with investors. (Photo: Chris Ratcliffe/Bloomberg)
Photovoltaic panels at a solar farm in Kent, England produce green energy. The UK’s ESG funds are suffering outflows, however, as the label apparently loses favour with investors. (Photo: Chris Ratcliffe/Bloomberg)

UK investors pull out of environmental, social and governance funds for fifth month in a row in September, according to Calastone Environmental, social and governance funds suffered their fifth consecutive monthly outflow from UK investors in September, according to research by funds network Calastone.  UK investors redeemed £485mn from UK-domiciled ESG...

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