Global sustainable fund flows of $185bn has pushed the sector’s assets under management (AUM) just shy of $2trn as it continues to break records, according to research from Morningstar.
Europe continues to dominate the space with 82% of the $1.98trn AUM with the US following in second place with 13% of assets across open-ended and exchange-traded funds. Product launches remained strong as 169 new funds entered the market globally, which is down slightly from the record 215 launches set in Q4 2020, but up from Q1 2020, and Europe tops the tables in this regard too, with 66% of all new products. Sustainable funds are defined by Morningstar as those which "claim to have a sustainability objective and/or use binding ESG criteria" but excludes funds which "formally integr...
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