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July 25, 2023

Number of ESG fund launches plunges 68% in Q2, says Jefferies

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US ESG funds posted outflows of about $0.5bn in the second quarter, compared with average inflows of $5.5bn over the previous eight quarters (Photo: Jasmina_K/Envato)

The momentum behind ESG fund launches has declined this year due to regulatory concerns and economic uncertainty, according to an analysis of Morningstar data by broker Jefferies. The number of environmental, social and governance funds that were launched in the second quarter of 2023 fell by 68 per cent compared...

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