$3 Trillion ESG Lie Exposed

https://mystockmarketbasics.com/worthybonds 🤑 Get a Free bond and 7% Return on your cash with Worthy and this special promo link. ESG stocks and funds are collapsing with the number of ESG ETFs closing more than doubling from the year before. The failure of ESG funds is not what you think though, these ETFs have actually made money! I'll detail why ESG stocks and ETFs are dying and the $3 trillion lie in the market. ETFs created in the Environmental, Social and Governance theme have been slammed with closures. Last year saw just 48 new funds, less than half the number created the year before, while the number of funds closing more than doubled to 36 during the year. The selling has been most pronounced in the US with investors pulling $13 billion out of ESG funds last year and $5 billion of that in the last three months alone. In fact, only Japan and Canada also saw net selling with investors withdrawing $1.4 billion from the funds while those in Europe, Asia and Australia invested $4 billion. This all contrasts remarkably with 2021 when investors pushed more than $180 billion into these funds in the first quarter alone. US investors anted up more than $20 billion that quarter and invested nearly $60 billion during the year. Usually when an ETF theme sees this kind of massive closures it’s because the theme or investment idea has seen equally massive losses. That isn’t the case here though. The largest ESG ETF, the iShares ESG Aware USA ETF (ESGU) saw $9 billion withdrawn last year and is already down $809 million this year…even as the stock price jumped 17.7% in 2023. Quick-Start Guides! FREE Step-by-Step Guides to Get Started Fast! ⏩ Make an Investing Plan Right for YOU! 5-Minutes to a Personal Investing Plan https://mystockmarketbasics.com/quick-start-plan ⏩ Easy, Step-by-Step to Analyzing Stocks! 5-Minute Guide to Picking the Best Stocks! https://mystockmarketbasics.com/quick-start-stocks 🤑 Get The Weekly Bow-Tie - my FREE weekly email newsletter sharing market updates, trends and the most important news! Market Updates for the Smart Investor! https://mystockmarketbasics.com/dailybowtie My Investing Recommendations 📈 📊 Download this Portfolio Tracker and Investing Spreadsheet! [Community Discount Code] https://mystockmarketbasics.com/spreadsheetdiscount ✅ FREE Report! See the top five stocks in my portfolio, the five stocks I'm buying for the next 30 years! https://mystockmarketbasics.com/motleyfool 🤑 Join me on the Blossom app and see all the stocks in my portfolio! https://mystockmarketbasics.com/blossomsocial ✅ See why I transferred all my non-stock real estate investments to Arrived. Dividends up to 8% and double-digit returns on rental properties. Get started today! https://mystockmarketbasics.com/InvestArrived Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.