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Calastone said fund flows have turned negative and millennials are not placing much weight on ethical considerations when choosing funds.
ESG flows peaked in 2021 but have since declined.
The popularity of environmental, social and governance investing is waning, with global inflows into non-ESG funds likely to exceed those into ESG funds for the first time since 2019, according to fund network Calastone.
According to Calastone, ESG funding peaked in 2021, with more than
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