ESG Hits Record $799B in ETF Assets Globally
ESG may be the most controversial acronym in finance, but don’t tell that to ETF investors.
Environmental, social and governance exchange-traded funds reached a new milestone, with global assets climbing to $799 billion through the end of November, according to ETFGI data. The category pulled in $5.7 billion in November alone, bringing year-to-date inflows to almost $49 billion, a 25% increase over the prior year. But it also comes at a pivotal time, as asset managers continue to downplay ESG labels and critics on Capitol Hill have accused fund managers of everything from political bias to regulatory overreach.
The resurgence of ESG funds could also become a savvy play for financial advisors looking to attract younger, more…
