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Bloomberg Daybreak: Europe Edition
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The ESG Equity Funds' Worst Month Ever for Withdrawals
The times are writing about ethical ESG funds suffering their worst month ever for withdrawals. Calla Stone compiled industry wide figures and they say the ESG equity funds suffered their worst ever month, shedding £304 million of capital. But this is also a wider pullback that is being seen across equity funds generally. And when you add in the fact that ESG funds are by design underweight on things like oil, which performed very well last year,. They also tend to be quite overweight and things like tech, which are those getting better now, which are quite worse to start of this year. Let's go to the telegraph next, predicting a house price fall, but for the next five
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