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Laxman Pai, Opalesque Asia: Sustainable fixed income funds experienced outflows of GBP653m ($830m) in the first half of 2023, while inflows have been strong year-to-date for non-sustainable bond funds, netting GBP9.5bn, said a study.
According to the LSEG Lipper UK ESG Fund Market H1 2023 report, most sustainable asset classes were in the black-with equities taking GBP10.28bn-except bonds, which saw outflows of GBP653m.
"It's all about equities for the first half of 2023, as sustainable funds in the asset class took in GBP10.28bn, as their conventional peers shed GBP20.31bn," it said.
Other sustainable asset classes that bucked the trend of their conventional equivalents were: alternatives (GBP30m versus -GBP1.77bn for conventional funds); money market (GBP1.23bn versus -GBP43.25bn), and real estate (GBP121m versus -GBP1.03bn).
While sustainable mixed asset funds were in the black to the tune of GBP234m, they trailed well behind their conventional peers, which attracted GBP6.58bn.
Equity Global funds were the most popular sustainable classification, netting GBP4.57bn, followed by US and emerging market equity.
Despite more than GBP10bn of inflows for passive bonds over H1, passive sustainable funds shed GBP416m.
The three top-selling sustainable classifications for H123 are the same as in Q123: Equity Global (GBP4.57bn), Equity US (GBP2.68bn), and Equity Emerging Markets Global GBP899m. Conventional Equity US funds saw redemptions of GBP5.85b...................... To view our full article Click here
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