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The Telegraph
6 Jun 2023
ESG funds have suffered their worst month for withdrawals on record as market turmoil and rising inflation prompt investors to focus on returns ahead of ethics.
Investors pulled £304m out of sustainable funds in May in the worst month of withdrawals on record for the ESG (ethical, social and governance) sector.
The surge in gilt yields following higher-than-expected inflation data pushed investors to overhaul their strategies and shed ethical equity funds as they chased higher returns.