
US investors’ enthusiasm for green investments has begun to wane in the face of repeated attacks on “woke capitalism” by Republicans, in a growing contrast to the billions still pouring into sustainable strategies in Europe.
Funds marketed with a sustainable label were hit with $12.4bn in net outflows in the US in the past 12 months even as green funds in Europe added $126.3bn, according to the data provider Morningstar.
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