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
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
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