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OverviewAPI
Investors are withdrawing from sustainable funds, leading to closures and a reassessment of the industry. Wall Street's embrace of sustainable investing is fading due to regulatory oversight, higher interest rates, and a backlash against ESG investing. The UK's financial watchdog, the FCA, has stated that further improvement is needed by fund managers to comply with its principles on ESG and sustainable funds. Investors in Europe are withdrawing from ESG funds with weak sustainability goals as the market prepares for a major overhaul of environmental, social, and governance regulations. The US Securities and Exchange Commission (SEC) has removed environmental, social, and governance (ESG) from their 2024 audit priorities. DWS Executive warns of a 'nightmare' result as ESG rules are revised.

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