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Global net inflows into sustainable strategies increased 72% to $71.1bn in Q2 2020

Monday, August 03, 2020

Laxman Pai, Opalesque Asia:

Supported by the stock market recovery and growing investor interest in environmental, social, and governance (ESG) issues, sustainable strategy net inflows up 72% in Q2. Net inflows into sustainable strategies increased 72% in the quarter ended June 30 to USD 71.1 billion, said a study by Morningstar.

A study of second-quarter flows for 3,432 global ESG open-end funds and exchange-traded funds showed that assets in sustainable strategies hit a record high of $1.06 trillion as of June 30, up 23% vs. the previous quarter.

Europe continued to dominate the space, garnering 86% of the global inflows, while the United States took in 14.6%. European funds attracted $61.4 billion. The U.S. accounted for close to 14.6% of second-quarter 2020 inflows.

Flows in the rest of the world were considerably lower, clocking in at only USD 0.26 billion for Canada, Australia, and New Zealand combined, while Asia reported outflows.

Assets in sustainable funds hit a record high of USD 1,061.5 billion as of the end of June, up 23% from the previous quarter, the study revealed.

Product development in the second quarter of 2020 stood strong, with 125 new offerings. The rate of new offerings has been holding steady for the last five quarters. Asset managers also continued to repurpose and rebrand conventional products into sustainable funds, with 40 such funds in Europe and three in the U.S.

The flow data encompasses 3,432 open-end funds and ex......................

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