State Street’s asset management boss admits navigating the anti-ESG backlash, which has reached a fever pitch in the US, has been “challenging”.
Speaking to Financial News on the sidelines of the World Economic Forum, Yie-Hsin Hung — who joined the $3.3tn passives giant from New York Life Investment Management a month ago — said rhetoric from Republican politicians has been effective in politicising ESG investing in the US.
