JPMorgan’s Struggling ETFs Show Demand Crisis for Do-Good Funds

The upcoming closures of two of JPMorgan’s socially conscious exchange-traded funds are shining a spotlight on the vanishing appetite for environmental, social and governance products.

An unprecedented $7.7 billion has left do-good ETFs this year following ten straight years of inflows, Bloomberg Intelligence data show. Issuers have shut down a record 14 ESG funds so far in 2023 amid the outflows, with the JPMorgan Sustainable Consumption ETF (ticker CIRC) and JPMorgan Social Advancement ETF (UPWD) set to be liquidated by year-end, according to a press release Thursday.

The conversation around principles-based investing is increasingly intertwined with ...