The investor pushback against "woke capitalism" has led to the proliferation of funds that market themselves as opposed to environmental, social, or governance (ESG). A new report via Morningstar reveals even though anti-ESG funds gained momentum in late 2022, popularity for the funds has since waned. Morningstar said anti-ESG funds peaked at around $377 million during the third quarter of 2022, more than five times the previous quarterly record. Total new deposits fell to $188 million in the fourth quarter and were about the same…
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