Factors influencing the pullback from ESG funds

1min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Investors pulled back from ESG funds due to a surge in oil and gas prices caused by the Russia-Ukraine conflict and rising interest rates by central banks to combat inflation. These events favored energy and fossil fuel companies, which had previously struggled during the pandemic, while negatively impacting sustainable funds investing in renewable energy and growth stocks.

Far right parties make significant gains in the European Union elections, opposition politician Benny Gantz has resigned from Israel’s emergency government, and Iranian authorities have disqualified prominent moderates as candidates in the snap presidential election. Plus, global investors are turning their backs on sustainability-focused stock funds.

Mentioned in this podcast:

Far-right parties make significant gains in European parliament elections

Investors pull cash from ESG funds as performance lags

Iran promotes hardliners as presidential candidates

Benny Gantz resigns from Israel government over Gaza

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prarkiti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.