Investment Week (April 25)
In the U.S., “sustainable funds suffered their “worst-ever quarter” for redemptions, shedding a record $8.8bn in the first quarter of 2024…. This marked the sixth consecutive month of outflows… and was over five-fold the withdrawals from Japanese sustainable funds, the only other region to record overall redemptions.” The ongoing politicization of ESG investing in the U.S. was among the drivers of the outflows.
Tags: $8.8bn, Japan, Outflows, Politicization, Q1, Redemptions, Suffered, Sustainable funds, U.S., Withdrawals, Worst-ever quarter
Institutional Investor (July 28)
“Inflationary pressures, rising interest rates, a global energy crisis, and a looming recession didn’t stop investors from committing net new capital to sustainable strategies.” During Q2, according to Morningstar, global sustainable funds “brought in $32.6 billion in net new money” while the “broader global fund market experienced $280 billion in net outflows.”
Tags: Sustainable funds
