Actively Managed Funds 'Bleed' Client Cash in ESG Upheaval

(Bloomberg) -- A long-held truism of ESG is being challenged, namely the idea that the strategy is best-suited to active fund management.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYC Police Break Up Columbia Protest and Clashes Erupt at UCLAFed to Signal Delay of Interest-Rate CutsLilly Soars as Forecast Boost Shows Weight-Loss Drugs’ PowerAmazon Posts Biggest Cloud Sales Growth in Year on AI DemandFor 11 of the past 12 quarters, clients have redeemed cash

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