So no one wants to put money in ESG. It auto-happens. And you've astutely noticed people are actively taking their money out of it.

How is this not unethical? An investment banker is making low return investments that a high percentage of people are actively rejecting, going out of their way to call or email and override their investment bankers on this one issue?

I'm not worried about the index fund investor or sp500 investor. It's the public pensions and people whose paychecks are autodeducted and invested that are the ones getting screwed.

As for illegal, the activists say no. Traditional investors and attorneys say perhaps yes. Here is one states AG stating ESG in investments is illegal, and suing.

https://www.wsj.com/articles/esg-may-be-an-antitrust-violati...