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-0.000235546038543926 -0.000235546038543926 0.00278372591006426 0.0063276231263383 0.00587794432548181 0.00321199143468951 0.00283725910064237 0.000706638115631658
Stock impact report

Record $8.8 bln pulled from US sustainable funds in Q1 [Yahoo! Finance]

MSCI Inc (MSCI) 
Last msci inc earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.msci.com
Company Research Source: Yahoo! Finance
quarter, research firm Morningstar said on Thursday, with a record $8.8 billion in net withdrawals from the products in the U.S. A combination of factors likely contributed to the U.S. sustainable fund outflows during the first three months of 2024, said Morningstar. These included "high interest rates, middling returns in 2023, greenwashing concerns, and the continued politicization of environmental, social, and governance (ESG)-focused investing," the firm said. Meanwhile European sustainable funds registered $10.9 billion of net deposits, more than double the prior quarter. Europe accounted for 84% of the nearly $3 trillion in global sustainable fund assets. European consumers, and politicians, have supported greener products and climate-minded regulations. Meanwhile U.S. Republican politicians including many from energy-producing states have stepped up their attacks on investors' use of ESG considerations, saying firms should focus on traditional financial results. The Eur Show less Read more
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