Skip to Content

Anti-ESG Funds Make Noise. Here’s What They Look Like.

ESG criticism has become increasingly louder in the U.S. Against this backdrop, anti-ESG funds are on the rise. While these strategies come in all shapes and sizes, they have one common aim—providing an alternative to ESG investing. Amid the ESG backlash, what do asset managers need to know about this evolving space?


In our study, we identify and analyze 26 anti-ESG funds in the Morningstar Direct database and group them into five distinct categories: Vice, Anti-ESG, Political, Renouncer, and Voter funds. By understanding the potential impact of these investments, you can better help your clients make more informed decisions.

Share this page

Research Library Anti-ESG Funds Make Noise. Here’s What They Look Like....

What's Inside:

  • Get an in-depth overview of our five mutually exclusive anti-ESG categories.
  • Discover how anti-ESG funds grew last year and take a glimpse of the landscape in 2023.
  • Explore each portfolio's involvement in controversial business activities.
  • Compare the investment performance of the 26 anti-ESG funds across this report.
  • Identify the role that proxy voting plays in anti-ESG funds.

Get the Report