ESG & Investing
Anti-ESG Republican Rhetoric Threatens Fund Flows as Midterms Loom
About 45% of those surveyed by Bloomberg expect a Republican victory to be bad for proponents of sustainable investing.
The U.S. Capitol in Washington.
Photographer: Eric Lee/BloombergThis article is for subscribers only.
ESG-labeled investment funds risk losing investors if Republicans take back control of the US Congress.
A Bloomberg News survey of attitudes to ESG found that about 45% of terminal readers expect money flows to funds donning the ESG label to slow with a GOP victory at Tuesday’s election. Roughly one third said there won’t be any impact, while 5% said flows will increase and almost 15% aren’t sure. Bloomberg surveyed 550 terminal users over the past month.