By supporting investment in areas such as healthcare, technology and clean energy, a growing number of exchange traded funds promote themselves as delivering rewards to both society and investors.
But the chequered recent performance of many thematic funds has provoked a reappraisal of investor commitment to this expanding investment space.
Many funds boasting environmental, social and corporate governance (ESG) credentials, and other fashionable “future economy” themes, performed well during the earlier days of the Covid pandemic, attracting strong support from investors.
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