Can ETFs survive ESG?

Recent decades have seen a proliferation in ETFs globally among institutional and retail investors. The diversification that comes with ETFs can provide a hedge against the vicissitudes of the market, where having all of one's eggs in one basket can be ruinous.  ETFs can focus on particular economic segments, whether US tech or global pharmaceuticals. The popularity of these investment vehicles is evidenced by the sheer scale of the growth the market has enjoyed. Total assets under management in ETFs globally reached $10trn (£8.8trn) in 2021, while the number of ETFs has grown from 27...