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'Woke capitalism' funds COLLAPSED by $13B last year - investors fled trendy 'ESG' investments over low returns, greenwashing and back-door leftist agenda

Especially within the US, continued political scrutiny of sustainable and ESG strategies contributed to a chilling effect on demand for these funds, said Alyssa Stankiewicz, a sustainability researcher.
United Kingdom United States David Larcker Alyssa Stankiewicz Rock Center Stanford University

Millennials and Gen Zers ditch 'woke capitalism': Support plummets for socially-conscious ESG funds as TikTokers bash 'scam' diversity targets and 'greenwashing'

Research shows that younger investors are quickly getting less keen on firms that tout trendy environmental, social, and governance (ESG) efforts - which is often mocked as woke capitalism.
United Kingdom David Larcker Amit Seru Genz Tiktok Stanford University Hoover Institution

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