Assets in climate-focused funds soar to $408bn in 2021

Europe remains largest and most diverse

clock • 1 min read
US climate fund assets spiked to $31bn, up 45% on the previous year.
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US climate fund assets spiked to $31bn, up 45% on the previous year.

The number of mutual funds and exchange-traded funds (ETFs) with a climate-focused mandate grew to 860 at the end of last year, according to a new report from Morningstar, while assets in the space doubled to $408bn.

The report, which examined climate-focused investment funds, revealed 2021 was a stand-out year for environmental finance as COP26, a new US administration, and rapid growth in industry collaboration drove...

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