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Anti-ESG GOP Rhetoric Threatens Flows as Midterms Loom: Survey

Nov. 4, 2022, 10:00 AM

ESG-labeled investment funds risk losing investors if Republicans take back control of the US Congress.

A Bloomberg News survey of attitudes to ESG found that about 45% of terminal readers expect money flows to funds donning the ESG label to slow with a GOP victory at Tuesday’s election. Roughly one third said there won’t be any impact, while 5% said flows will increase and almost 15% aren’t sure. Bloomberg surveyed 550 terminal users over the past month.

The results come amid signs that Democrats’ prospects for retaining command of Congress are fading. A combination of high inflation and concerns about a potential recession, plus weak performances ...