ESG sustainable development funds faced fierce selling.

According to the latest data from Morningstar, global investors continued to sell ESG sustainable funds in the first quarter of this year, with a net outflow of a whopping $8.6 billion, far exceeding any period in history. Among them, European investors have become net sellers for the first time, the first time since data has been recorded in 2018. Some analysts believe that the wave of opposition to ESG and diversity, fairness, and inclusive policies promoted by the Trump administration is affecting global asset management companies, making them more cautious on a global scale.