Finance
ESG Fund Assets Hit Record $1.4 Trillion in Europe Last Year
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More than half the money that flowed into European funds last year went into sustainable products, according to the Association of the Luxembourg Fund Industry, which represents the region’s biggest fund market.
As a result, a record 1.12 trillion euros, or $1.4 trillion, in investor cash has now been steered toward strategies that address environmental, social and governance considerations, according to the study, which is the first in a series that ALFI is planning to do on ESG allocations. The development means that 11% of European assets under management are now in sustainable funds.