HSBC Says Rising ‘Anti-ESG’ Sentiment in US Is Impacting Funds

The backlash against investing strategies that factor in environmental, social and governance issues is rising in the US and is impacting the way managers are thinking about integrating such considerations into their funds, according to a survey by HSBC Holdings Plc.

The London-based lender polled 310 professionals across the globe in roles related to ESG decision making from May 31, 2023 to June 24, 2023. These respondents represented $8.9 trillion in assets under management across 292 institutions, HSBC’s global research team led by Wai-Shin Chan and Anushua Chowdhury wrote in a note published this month.

“There is undoubtedly ...