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Fees from ESG funds jump almost 400% despite brutal 2022 for asset managers
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Asset managers have seen fees from some sustainable funds jump almost 400%, a saving grace in what was otherwise a dire year for the industry.
The sector endured one of its worst years on record in 2022, with some of the biggest fund houses in Europe recording a drop in revenue and profit amid a mass investor exodus from mutual funds.
But ESG...
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