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Laxman Pai, Opalesque Asia: Assets invested in environmental, social, and governance (ESG) ETFs and exchange-traded products reached a record US$371 billion globally as of the end of November.
That represents an 84.3% year-to-date increase, up from US$201 billion at the end of 2020, said the research firm ETFGI.
Net inflows over the same period amounted to US$146.84 billion, much higher than the US$68.59 billion gathered at the same point last year.
ESG products saw net inflows of $16.6 billion in November, bringing net inflows for the 11 months ended Nov. 30 to $146.8 billion. That was up 114% from the $68.6 billion they netted during the same 11-month period last year, ETFGI said.
ESG ETF/ETP assets totaled $201 billion at the end of 2020, it added.
"Due to the growing threat of a new COVID variant Omicron, the S&P 500 declined 0.69% in November, however, the index is up 23.18% year to date. Developed markets, excluding the US, experienced a fall of 4.94% in November," said Deborah Fuhr, managing partner, founder, and owner of ETFGI.
"Israel (down 1.03%) and the US (down 1.47%) experienced the smallest losses among the developed markets in November, while Luxembourg suffered the biggest loss of 16.90%. Emerging markets declined 3.53% during November. United Arab Emirates (up 8.15%) and Chile (up 5.51%) gained the most, whilst Turkey (down 13.72%) and Poland (down 11.95%) witnessed the largest declines," Deborah added.
The Global ESG ETF/ETP category...................... To view our full article Click here
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