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Scandals such as a person at German asset manager DWS — which agreed to pay $19mn towards the US securities regulator inside of a greenwashing probe soon after becoming accused of creating “materially misleading statements” — have also hit urge for food for the sector.
But The newest details highlights the pullback from ESG has reached Europe, the tactic’s common stronghold. ESG equity fund outflows inside the region had been $1.9bn in April.
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Sustainability-concentrated fairness money go through Web $40bn of outflows in 2024, the main sustained exodus
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Redemptions, which include a document month-to-month Internet outflow of about $14bn in April, happen to be popular across all main regions.