US backlash against ESG investing is having a global impact as investors internationally pulled a record amount out from sustainable funds in Q1 of this year. Europeans pulled out $1.2 billion and were net sellers for the first time on record, according to data from Morningstar. The Financial Times covers the story.
Meanwhile, Swiss Re Institute has issued a report indicating that insured losses from natural catastrophes could reach $145 billion in 2025 as extreme weather events become increasingly regular. The US accounted for almost 80% of the global total of insured losses in 2024, leading to rising premiums in regions such as Florida. Bloomberg covers the story.
