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Anti-ESG Republican Rhetoric Threatens Fund Flows as Midterms Loom

About 45% of those surveyed by Bloomberg expect a Republican victory to be bad for proponents of sustainable investing.

The U.S. Capitol in Washington.

The U.S. Capitol in Washington.

Photographer: Eric Lee/Bloomberg

ESG-labeled investment funds risk losing investors if Republicans take back control of the US Congress.

A Bloomberg News survey of attitudes to ESG found that about 45% of terminal readers expect money flows to funds donning the ESG label to slow with a GOP victory at Tuesday’s election. Roughly one third said there won’t be any impact, while 5% said flows will increase and almost 15% aren’t sure. Bloomberg surveyed 550 terminal users over the past month.