Fund Management

ESG funds see an exodus of US investors, but Europeans continue to hold up better

The global sustainable fund market experienced net redemptions of USD 2.5bn in Q4, marking an historic low point. The value of global ESG fund assets, however, continued to rise.
Much of the development should be seen against the context of persistently high interest rates, fears of a recession as well as anxiety relating to the spread of war, says Morningstar. | Photo: Pexels: Jem Sanchez.
Much of the development should be seen against the context of persistently high interest rates, fears of a recession as well as anxiety relating to the spread of war, says Morningstar. | Photo: Pexels: Jem Sanchez.
By Frances Schwartzkopff, Bloomberg

For the first time ever, ESG funds saw net global outflows amid a major exodus by US investors from environmental, social and governance strategies. Flows into European ESG funds, though still positive, were way below levels seen the previous quarter.

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