ESG funds continue growing in Europe (2024)
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Environmental, social, and corporate governance |
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Although U.S. investors started pulling money out of ESG funds over the last several quarters, European money on a net basis continued flowing into ESG investment products in Q4 of 2023:
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Sustainable funds in Europe attracted inflows in Q4, but investors pulled $5 billion from U.S. sustainable funds in the last quarter of 2023, for a total of $13 billion over 2023, according to the data. In Europe, sustainable funds performed better than the broader market and attracted $3.3 billion of net new money in the fourth quarter, thanks to passive funds which collected $21.3 billion, Morningstar said. Europe remained the world’s biggest market for sustainable funds, but the fourth-quarter fund inflows were much lower than the revised $11.8 billion inflows in the previous quarter, per the data. Meanwhile, outflows from U.S. sustainable funds jumped to $5.1 billion in the fourth quarter, nearly double the restated $2.7 billion outflows in the third quarter.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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