11.19.23

Wall Street's ESG Craze Is Fading

by: Shane Shifflett

Environmental, social and governance (ESG) investing appears to have fallen out of favor with Wall Street. Tony Turisch, senior vice president at Calamos Investments, said, "This really is the result of too many managers looking to cash in on increased awareness and demand for ESG investments." Morningstar| indicated that ESG funds are being shuttered and liquidated as investors withdrew over $14 billion from sustainable funds in 2023, while others, like Hartford Funds' Core Fixed Income Fund, are removing ESG criteria from their practices.

Read the full article on Wall Street Journal