ESG & Investing
BlackRock US ESG Flows Fall on Tech Rout, Anti-Green Backlash
- Firm had zero net flows into US sustainable funds last year
- Net flows declined 96% in US sustainable mutual funds, ETFs
BlackRock Inc. headquarters in New York.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Cash flows into US sustainable funds plummeted last year as the broader market took a beating and anti-ESG crusaders targeted money managers including BlackRock Inc. for “woke capitalism.”
ESG exchange-traded funds in the US aren’t faring any better in 2023.