European sustainable funds grow twice as much as funds overall in Q3

The third quarter saw 93 launches of new sustainable offerings, bringing the total number of sustainable funds domiciled in Europe to 2,324.
Photo: PR / MORNINGSTAR
Photo: PR / MORNINGSTAR
BY REETA ILONA PAAKKINEN

The European sustainable fund universe continued to expand in the third quarter of 2019, more than doubling the growth of the overall European fund universe, reports Morningstar Manager Research.

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The environmental, social and governance ratings of exchange-traded funds are set to be downgraded by index provider MSCI. | Foto: Delcia Lopez/AP/Ritzau Scanpix

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