Do-Good Funds Are Booming as ETF Launches Double From Last Year
- ESG fund debuts total about 20 versus 9 by this time last year
- Socially-responsible ETFs punch above their weight in flows
Photovoltaic panels at a solar farm in Calipatria, California.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
Wall Street fund managers are cranking up the production line for sustainability-linked ETFs as investor demand defies this year’s rates and Russia-driven market turmoil.
At least 20 ESG-focused exchange-traded funds have launched in the U.S. this year through Wednesday, according to data compiled by Bloomberg. While comparisons are difficult to make because of evolving classifications, that’s roughly double a tally of nine from the same period in 2021, and compares with two in 2020 and just one in 2019.