ESG Funds Reel As Investors Pile Into Energy And Defense Stocks ...Middle East

Environmental, social and governance (ESG) funds in the UK have slumped below their industry peers this year as oil & gas, mining and defence stocks surge in the wake of war in Ukraine, new research has revealed. UK large-cap equity funds with the highest ESG ratings have performed far worse than funds with the lowest ESG ratings, down 13 percent in the past year compared to just four percent for funds with the lowest rating, new research from Bowmore Asset Management revealed today. ESG funds are typically overweight on life insurance and…

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