BlackRock and Goldman Sachs Shutter ESG And Other Thematic ETFs Amid Waning Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2025
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Source: Benzinga
Asset Managers Shutting Down ETFs: Major asset managers like BlackRock and Goldman Sachs are closing several ETFs, particularly those with environmental, social, and governance (ESG) themes, due to changing investor sentiment and a slowdown in demand. BlackRock closed eight ETFs and six mutual funds, including three ESG-themed ones, while Goldman Sachs shut down two thematic funds.
Industry Trend of Consolidation: The closures reflect a broader trend in the asset management industry where firms are consolidating underperforming or low-demand funds, indicating that not all sustainability-focused investments have long-term viability in a dynamic market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
