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Mining helped by changing investor priorities

Over the past few years anything containing the words environment, social or governance was likely to attract a wall of money. In 2020, fund managers were describing the flow as a 'gold rush', and even by the middle of last year some 90% of equity-fund inflows in the U.K. were for ESG funds. Virtue seemed to have its own reward, with ESG funds outperforming and analysts climbing over themselves to predict ever higher returns for green and ethical equities.

Mining helped by changing investor priorities Mining helped by changing investor priorities Mining helped by changing investor priorities Mining helped by changing investor priorities Mining helped by changing investor priorities

Analysts were right, until they weren't; and even President Putin couldn't be blamed because investor priorities had started to change well before the invasion of Ukraine.

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