Investors in Japan Drain $4.5 Billion as They Exit ESG Funds
- Japanese investors are pulling their money from ESG funds
- Foreign stocks index funds have gained in popularity
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Japanese retail investors are abandoning ESG mutual funds.
Investors pulled a total of 660 billion yen ($4.5 billion) from funds last year, according to the research firm Morningstar. That’s more than four times the outflows of 150 billion yen in 2022.