🕵️♂️ Hedge funds are exposing fake green promises and inflated values pumped up by stimulus.
📉 And guess what? Big players like Blackrock & State Street are pulling the plug on some ESG funds.
🔄 Talk about a 180! Just last year, ESG-themed assets were soaring to new heights.
📢 Current scene?
🚪 ESG fund closures in 2023? They’ve outpaced the total from the past 3 years!
🚫 Some stocks are facing the exit door from ETFs, thanks to market cap and liquidity issues.
😳 And Larry Fink? He’s “ashamed” of the ESG political mess.
MY TAKE: “Go woke, go broke”? Seems Wall Street’s singing that tune lately. Heck, there’s even a new ETF named just that! With the 2024 elections looming and politics heating up, I’d be wary of jumping on themes that could flip negative in a flash. Sure, there’s a whopping +$2.5 trillion spread across 656 sustainable funds. But the rate at which they’re shutting down? That’s a red flag. 🚩📉🗳️
hashtag#ESG hashtag#sustainable hashtag#blackrock
