27 Sep 2023

What’s the BIG SHORT right now? ESG Stocks.

Hedge funds are calling out fake green claims and overblown valuations boosted by stimulus. Blackrock & State Street are shutting down some ESG funds. Liquidation of ESG funds in 2023 is already larger than the last 3 years combined, And the year is not over.... Source: Genevieve Roch-Decter, CFA, Bloomberg

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