Much ado about ESG overdose

(Image: Getty)

Wed, 14 Feb 2024

After a multi-year bender on environmental, social and governance, investors suffered sharp withdrawal pains in 2023, according to new data from fund transaction network, Calastone.The Calastone figures, which aggregate flows across 55 jurisdictions, show the environmental, social and governance (ESG) buzzkill was a global phenomenon rather than a reactionary US-centric story.During the 12 months to the end of December, environmental, social and governance-labelled share funds saw some US$10.2 billion (NZ$16.7b) of net outflows compared to a US...

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