(Bloomberg) -- A long-held truism of ESG is being challenged, namely the idea that the strategy is best-suited to active fund management.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYC Police Break Up Columbia Protest and Clashes Erupt at UCLAFed to Signal Delay of Interest-Rate CutsLilly Soars as Forecast Boost Shows Weight-Loss Drugs’ PowerAmazon Posts Biggest Cloud Sales Growth in Year on AI DemandFor 11 of the past 12 quarters, clients have redeemed cash
US sustainable funds suffered their “worst-ever quarter” for redemptions, shedding a record $8.8bn in the first quarter of 2024, a report by Morningstar has found.