Blue-Chips Avoid ESG Investing

“Blue Chip Companies Are Ditching ESG Terms From Their Loans,” reads a Dec. 18 Bloomberg news headline. It’s become a trend this year as American investors and companies have realized that environmental, social and governance, or ESG, investing produces lower returns and represents a worldview divorced from real science and data. That’s why ESG funds have seen eight straight quarters of withdrawals by U.S. investors, the latest coming in the third quarter of 2024, when ESG funds saw a net outflow of $2.3 billion, contracting by 1.4% overall while the rest of the market expanded. Read Full Article »