ESG funds are more like Disney than the Borg. They are acquiring/adapting mutual funds to ESG investments while creating others, but ESG itself is failing. The woke fad isn't earning them great returns, only drawing in more trend-following investors. Soon, the woke will literally go broke. - Kotaku In Action 2

ESG funds are more like Disney than the Borg. They are acquiring/adapting mutual funds to ESG investments while creating others, but ESG itself is failing. The woke fad isn't earning them great returns, only drawing in more trend-following investors. Soon, the woke will literally go broke. (archive.ph)

posted 2 years ago by GeneralBoobs 2 years ago by GeneralBoobs +55 / -0

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– GeneralBoobs [S] 3 points 2 years ago +3 / -0

The article actually states it's new money being attracted to it, not just big swamp critter firms like blackrock. Some are being bought out by corporations to turn them into ESG funds and are then run like Ponzi Schemes to cash in on this bullshit trend. The funds were already going under, the influx of cash is a temporary relief, but the crash will be even bigger once it happens because of all the new idiot investors.

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