“AI Blowback” anxiety grips ESG fund managers who bet big on technology

The ESG investing industry may be more exposed to such risks than most, having shifted largely to technology. Funds registered as having a purely environmental, social and good governance objective hold more technology assets than any other sector, according to Bloomberg Intelligence. And the world’s largest ESG exchange-traded fund is dominated by technology, led by Apple Inc., Microsoft Corp., Amazon.com Inc. and Nvidia Corp.