They say that but it's doing so damned good.

As an example, he points to the growth in funds focused on environmental, social, and governance (ESG) issues. Driven by an increasing awareness of climate-related issues, a near $650 billion poured into ESG-focused indexes through the end of November last year, according to Refinitiv Lipper data, leading to a record 2021. But Mansharamani argues the demand hasn’t necessarily matched the supply in the market.

That I understand collapsing, well meaning investments don't mean good investments. But would it affect the broader market?

And they refer to the retail passive investors like they're going to pull out or something. I think that money is probably more stable than what they're used to. Lots of hodl and forget.