In Midst of Oil Collapse, Sustainable ETFs Attract $3.8 Billion
- BlackRock’s green fund ESGU sees record inflows for April
- S&P 500 names popular in ESG funds outperform in early 2020
Oil tankers sit anchored off of Long Beach, California, on April 22.
Photographer: Tim Rue/BloombergThis article is for subscribers only.
While the oil patch was in the middle of a historic plunge, ETF investors turned to greener pastures.
Exchange-traded funds focused on companies with above-average marks for environmental, social and governance practices have attracted $3.77 billion in April, just shy of the all-time record in January, according to data compiled by Bloomberg.