Sustainable funds attract £1.5bn more than conventional rivals in Q1

Latest findings on how various sustainable funds are faring

clock • 2 min read

Long-term sustainable funds attracted £4.11bn in the first quarter of 2023, compared to conventional peers which took in £2.58bn, according to data from Refinitiv Lipper.

However, total net flows, excluding money market funds, were negative at £6.69bn, the data showed. Sustainable equity funds attracted the best part of the flows into the sustainable sector, with £3.81bn. This is versus redemptions of £4.77bn from their conventional peers.  Sustainable flows are flattered, however, by the heavy redemptions from money market funds, which saw £24.5bn exit, where this is overwhelmingly conventional, Refinitiv Lipper noted. Sustainable bond funds took only a fraction of their conventional peers, attracting £393m compared to £7bn, or 6%.   Last year, Bon...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Quilter's WealthSelect rebalances in response to bond market

Quilter's WealthSelect rebalances in response to bond market

Following recent government bond market performance

Isabel Baxter
clock 17 January 2025 • 1 min read
PA Awards 2025: Multi-asset shortlists revealed

PA Awards 2025: Multi-asset shortlists revealed

The industry’s best in balanced, high yield, adventurous and cautious funds

Professional Adviser
clock 15 January 2025 • 2 min read
PA Working Lunch: Last chance - Seeking exceptional US growth with Baillie Gifford

PA Working Lunch: Last chance - Seeking exceptional US growth with Baillie Gifford

Join PA and Baillie Gifford on Wednesday for an informative online session

Jen Frost
clock 14 January 2025 • 1 min read