Morningstar: Sustainable funds pull in $900m for first quarter of 2024
US sustainable flows deplete by $8.8bn
US sustainable flows deplete by $8.8bn
Second quarter sees net outflows of £1.7bn while AUM grows 1.3%
Exchange-traded funds received €16bn in February whilst mutual funds lost €5.9bn
Pessimism is rife in the UK, but Man Group’s Henry Dixon and Jack Barrat say it is worth challenging that widely-held mindset
ESG funds bring in £1.54bn across markets
Adjusted operating profit in the investments arm of the business shrunk by 62% in 2023
Passive bonds attract £18.2bn
Outflows increased by 36.3% compared to 2022
Ends the year with £39.1bn assets under management
AUMA has fallen by 12% over six months to the end of September
But anticipates flows to turn positive in FY24 as a whole
Unconstrained fixed income funds and UK and European equity strategies main culprits behind Q1 redemptions