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Anti-ESG funds are struggling to win over investors despite political backlash

Funds that invest in 'sinful' stocks suffered $218m worth of redemptions in the second quarter

Strive Asset Management, founded by presidential hopeful Vivek Ramaswamy, launched a string of anti-ESG ETFs in 2022. But the sector hasn't held up well since
Strive Asset Management, founded by presidential hopeful Vivek Ramaswamy, launched a string of anti-ESG ETFs in 2022. But the sector hasn't held up well since Photo: Rachel Mummey/Getty Images

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Funds billed as anti-ESG vehicles have struggled to win investors despite a growing backlash against ‘woke capitalism’.

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