There are a lot of funds that specialize in the opposite of ethical investment: tobacco companies, oil companies, weapons manufacturers, etc. More likely in cou

There are a lot of funds that specialize in the opposite of ethical investment: tobacco companies, oil companies, weapons manufacturers, etc. More likely in countries where sanctions are unlikely to be imposed. Just one example, the UAE abstained on the UNSC resolution condemning Russia (after all, they have their own war-criminal invasion of Yemen going on, it would be hypocritical of them to criticize Russia for what they themselves have done, just with two or three orders of magnitude higher civilian casualties). Investing in carbon-intensive industries is not good for diversifying their exposure to oil, however. China is another obvious example.