Funds prioritising environmental, social and governance concerns face their biggest test as investors lose interest, triggering a wave of closures.
Australian investors allocated $800 million into ESG exchange-traded funds over the past year, representing just 3 per cent of all new money going into ETFs, according to figures compiled by Global X, one of the world’s largest providers.
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Alex Gluyas is deputy markets editor and a reporter based in our Melbourne newsroom. Connect with Alex on Twitter. Email Alex at alex.gluyas@afr.com
Joanne Tran is a markets reporter for The Australian Financial Review in the Sydney newsroom. Connect with Joanne on Twitter. Email Joanne at jo.tran@afr.com
