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US sustainable funds suffer highest redemptions on record in first quarter
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This marked the sixth consecutive month of outflows from US sustainable-themed funds and was over five-fold the withdrawals from Japanese sustainable funds, the only other region to record overall redemptions. Morningstar said there were several catalysts involved in the US outflows, including high interest rates, «middling returns» last year, greenwashing concerns, and the continued politicisation of ESG investing. FCA eyes extension of SDR remit to include portfolio managers The trend was inverted in Europe however, where sustainable funds gathered $11bn worth of inflows. This wa...
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