ESG equity funds post worst outflows on record as investors seek safe havens
Investors were spooked by bond market volatility, the US debt-ceiling, and growing concerns over inflation and economic growth
ESG equity funds bled £304m in May, marking the worst-ever month for the category
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Equity funds with an environmental, social and governance tilt posted their worst outflows on record in May, with investors pulling hundreds of millions of pounds from products that have been long-standing best-sellers.
Data from Calastone — which tracks money entering and...
