In recent years, investments in environmental, sustainability and governance (ESG) dedicated to environmental, sustainability and governance (ESG) issues have soared in recent years. have skyrocketed. They were US$30 billion in 2019, US$94 billion in 2020 and US$159 billion in 2021.

But in May, according to Bloomberg, the leading ETFs in ETFS dedicated to ESG investments showed just $400 million in inflows. What's more, of the three categories of ETFs tracked by Bloomberg-company stocks, bonds and commodities-the equity category posted a net outflow of funds of 200 million.

Bloomberg mentions three factors that stood out in these weeks. The first, that in mid-May Elon Musk called the ESG a trap of false social warriors.. Second, that so far this year, institutional investors have been looking for returns in other assets. returns in other assetsthe S&P index of oil and gas ETFs is up 68%. rose 68% between the beginning of the year and June 7 between the beginning of the year and June 7. And third, increased regulators' greater zeal.. The SEC - the U.S. Securities and ExchangeU.S. Securities and Exchange Commission.- is investigating the ESG disclosures of its Goldman Sachs asset management unit, after the agency announced "a list of new restrictions intended to ensure that ESG funds accurately describe their investments.". At the same time, German police raided the offices of Deutsche Bank AG and DWS Group on allegations of greenwashing. greenwashing.

It is difficult to know how this market will progress, although Bloomberg sees it as difficult for this year to surpass the levels reached in 2021.