“In the United States, criticism of sustainable investing has become incredibly politicized over the past year. To understand the timeline and their magnitude, in a recent study we took a look at the funds—Morningstar counts 26—that have picked up the anti-ESG banner. Although there’s been a lot of talk about anti-ESG funds, it’s not clear that they have staying power.”

[COMMENTARY] This is a great article by Morningstar concerning the anti-ESG funds that have appeared. The article makes clear that these anti-ESG funds aren’t amounting to much and seem to be quickly losing momentum. I’ve maintained that the anti-ESG protagonists are venting their anger from a purely political and self-interested financial viewpoint (fossil-fuel investments) and that it was doomed to fail. I think we’re now seeing evidence of this.
The Anti-ESG Fad Might Be Over Before It Got Going, by Alyssa Stankiewicz and Mahi Roy, June 7, 2023, Morningstar, USA.