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After a long run of seeming ESG ascendance, recently it feels like there's been noticeable backsliding in the name of shareholder primacy and political divisions. A new survey released by HSBC found that rising anti-ESG sentiment is starting to affect how managers think about integrating such considerations into their funds. The survey found that 44% of North American respondents said their reasons for having an ESG strategy have become weaker over the past 12 months.

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