J.P. Morgan Asset Management is closing two of its climate-themed ETFs in the fall, highlighting a wider pullback from specialty ESG offerings on Wall Street.
As political trends increasingly dictate the market, J.P. Morgan’s move to close its funds falls in line with a larger decline in ESG investing brought on by the Trump administration. Since Donald Trump’s return to the White House in January 2025, “sin stocks” related to defense, tobacco, and alcohol have gone ballistic as deregulation and cultural pushback erode ESG’s popularity.
