Sustainable funds attract £1.5bn more than conventional rivals in Q1

Latest findings on how various sustainable funds are faring

clock • 2 min read

Long-term sustainable funds attracted £4.11bn in the first quarter of 2023, compared to conventional peers which took in £2.58bn, according to data from Refinitiv Lipper.

However, total net flows, excluding money market funds, were negative at £6.69bn, the data showed. Sustainable equity funds attracted the best part of the flows into the sustainable sector, with £3.81bn. This is versus redemptions of £4.77bn from their conventional peers.  Sustainable flows are flattered, however, by the heavy redemptions from money market funds, which saw £24.5bn exit, where this is overwhelmingly conventional, Refinitiv Lipper noted. Sustainable bond funds took only a fraction of their conventional peers, attracting £393m compared to £7bn, or 6%.   Last year, Bon...

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