ESG is socialism by another name

January 27, 2023

Wokester inferno: Investors flee leftist ESG investment funds

By Monica Showalter

As if you needed anything to seal the deal about the fraudiness of green and socially conscious investments, Barron's has a report (free version here) about investors now fleeing wokester Environment, Social, Governance (ESG) investment funds, which bill themselves as "sustainable investments."

Investors yanked the most money out of U.S. sustainable funds in more than five years last quarter, withdrawing a net nearly $6.2 billion to round out a tough year for environmental, social, and governance strategies.

The net flow of money into U.S. sustainable mutual and exchange-traded funds has diminished steadily since it hit a record high in the first quarter of 2021, according to a new report from
Morningstar.

The decline comes as inflation, rising interest rates, and lingering fears of recession have weighed on markets and investor sentiment.

But that doesn’t explain the whole shift. The increasing politicization of ESG investing also hurt investment strategies that prioritize social and environmental issues, said Alyssa Stankiewicz, associate director of sustainability research at Morningstar and a co-author of the report.