Hot corner of ESG investing is cooling fast and losing cash
After a stellar 2020, the record-breaking boom in clean-energy funds is rapidly giving way to a bust.
BY CLAIRE BALLENTINE/ BLOOMBERG
Investors are yanking cash from the sector at the fastest pace in a year, while two of the biggest exchange-traded funds tracking the industry the iShares Global Clean Energy ETF (ICLN) and Invesco Solar ETF (TAN) have each tumbled at least 24 percent in 2021.
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