In the US, the backlash against ESG investing continues. A new ‘anti-woke’ fund from Azoria Partners will exclude S&P 500 companies that incorporate diversity, equity and inclusion considerations into their hiring process. The ETF is set to launch early next year and currently has identified over thirty companies it will exclude unless they scrap DEI policies. The Financial Times covers the story.
Despite this movement, some US fund managers have suggested that the Trump era may in fact be a good time for clean energy stocks. Low valuations across the green-asset spectrum means that the sector may do better than many investors currently expect. Bloomberg covers the story.
