BlackRock, State Street among asset managers closing ESG funds
Fund companies unwound more than two dozen ESG funds this year, according to Morningstar data.
BlackRock Inc. and other money managers spent years rolling out sustainable funds, seeking to capitalize on surging interest in ESG investing. Now they’re abandoning an increasing number of those products in the U.S. amid political backlash and investor scrutiny.
State Street Corp., Columbia Th
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