More than three-quarters of the ESG funds the Biden administration is encouraging retirement planners to invest in have underperformed in the first half of this year.A by Investment Metrics found that a whopping 78 percent of global funds focusing on the principles of environmental, social and corporate governance fell more than 15 percent below their benchmarks in the first six months of 2022.At the same time, just 3 percent of the 166 US-listed ESG stock funds reported having positive returns as of September, reports, as woke tech firms these funds tend to support have had to lay off employees while oil and gas companies they tend to shun have seen their profits soar as war continues to rage.
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