BlackRock tracker takes bulk of £1.3bn sustainable allocations

Morningstar sees 'building investor interest' in ESG space in January data

Sustainable investments attracted a large volume of assets at the start of the year, with net £1.3bn invested, over half of which went into a low carbon equity tracker managed by BlackRock according to the Morningstar Direct Fund Flows Commentary for January.

The BlackRock ACS World Low Carbon Equity tracker clocked up the highest net inflows in January, Morningstar data showed, with more than net £700m added to the fund during the month. Morningstar said it considered the fund to be at the "light end of the sustainability scale", but its popularity demonstrates the "building investor interest" in the ESG space. BlackRock saw the highest fund group net inflows in January, helped by the low carbon tracker, with the iShares UK Equity index and iShares North American Equity index also attracting more than £400m combined. BlackRock's Fink e...