“Saving the Planet” vs. “Saving for Retirement”
The promise of saving the world while saving for the future is appealing, but is turning out to be harder than expected.
$14 billion has been pulled out of sustainable investment funds over the past year following 4 years of steady inflows. Similarly, some fund managers are reversing course on the ESG trend, either renaming funds to focus less on ESG or completely winding up ESG-focused funds.