Wednesday, November 29, 2023

Wall Street’s ESG Craze Is Fading

Good and long overdue news! The so called environmental, social and governance (ESG) principles are not much more than half baked ideology!

Manias and bubbles usually come to an end eventually in the markets! Trust the self correcting power of the free markets!

"Wall Street rushed to embrace sustainable investing just a few years ago. Now it is quietly closing funds or scrubbing their names after disappointing returns that have investors cashing out billions. ..."

Wall Street’s ESG Craze Is Fading - WSJ Investors pulled more than $14 billion from sustainable funds this year

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