As investor interest in ETFs that promote higher environmental, social and governance standards fades, more issuers are shutting down these funds.
Just 58 sustainable exchange-traded funds launched globally in the first quarter of 2023, a far cry from the 101 funds that were introduced during the same period last year, according to data compiled by Bloomberg Intelligence. While fewer sustainable funds are coming to market, owning those that are already available is becoming more expensive with the median fee creeping up to 0.35% in the previous quarter.
