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...
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