REVEALED: 78% of woke ESG funds that Biden wants 401(k)s to invest in UNDERPERFORMED by 15% first half this year

A study by Investment Metrics in September found that 78% of funds focusing on ESG principles fell more than 15 percent below their benchmarks

At the same time, just 3% of the 166 US-listed ESG stock funds reported having positive returns as of September

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These funds were once booming, nearly doubling their assets from 2019 to 2021

But experts say the tech firms that ESG funds tend to invest in have been hampered by soaring inflation and rising interest rates

Companies that support oil and gas, however, have been booming amid the ongoing war in Ukraine

www.dailymail.co.uk/news/article-11492253/78-woke-ESG-funds-Biden-wants-401ks-invest-UNDERPERFORMED-market-average.html

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