Why are ESG-oriented ETFs going away?

Firms managing investment funds are rebranding or in some cases closing exchange-traded funds (ETFs) that were previously associated with environmental, social and governance (ESG) goals amid political and regulatory pushback.

ESG investing has grown in prominence over the last decade and ESG-themed funds have become increasingly accessible, with leading financial institutions offering ETFs and other investment products that aim to promote corporate policies and practices aligned with ES