Popularity of sustainable ETFs dives to lowest in a decade

Platinum Asset Management will terminate its Global Transition Fund due to low demand.

Michelle Bowes and Joanna Mather

Jul 16, 2024 – 5.00am

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Platinum Asset Management will terminate its Global Transition Fund as the popularity of ESG-themed exchange-traded funds slumps to the lowest level in a decade in Australia.

Amid middling performance, uncertainty about the timing of the green energy transition and a backlash in the US, ESG investing appears to be running out of steam.

Michelle Bowes writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls.

Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023.