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Laxman Pai, Opalesque Asia: Global assets held in exchange-traded funds (ETFs) and exchange-traded products (ETPs) invested according to good environmental, social and governance principles surpassed $100bn last month, said a study.
According to research by ETFGI, a consultancy, the products gathered net inflows of US$6.76 billion during July, bringing year-to-date net inflows to a record US$38.78 billion which is significantly higher than the US$12.37 billion gathered at this point last year and the US$26.71 Billion gathered in all of 2019.
Total assets invested in ESG ETFs and ETPs increased by 14.7% from US$88 billion at the end of June 2020 to US$101 billion, according to ETFGI's July 2020 ETF and ETP ESG industry landscape insights report.
European domiciled ETFs/ETPs account for 51.6% of overall assets followed by products domiciled in the US which account for 40.1% of the overall assets, it said.
"The S&P 500 gained 5.6% in July, aided by the U.S. Federal Reserve stimulus and strong earnings. International markets also gained, with Developed Ex-U.S. and Emerging up 3.0% and 8.5%, respectively. In the developed markets Scandinavian countries benefited most, led by Norway (up 10.8%) and Sweden (up 10.1%); while Japan (down 2.0%) was the sole negative performer among developed countries," said Deborah Fuhr, managing partner, founder, and owner of ETFGI.
Deborah added: "Dollar weakness contributed toward the positive momentum in Emerging markets where 1...................... To view our full article Click here
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