Sustainable funds suffered outflows for the first time since March 2020, new data from Morningstar finds.
According to its latest UK Fund Flows report, showing data and analysis of UK open-ended funds and ETFs, the sector saw £199m of net outflows in August. However, this is just a small portion of the net total £27.1bn that has gone into sustainable funds over the past 12 months. By comparison, funds non-ESG funds saw outflows of £3.6bn in August. This part of the market has not experienced positive flows over the past year with a total estimated net outflows of more than £38bn over the period. Investors set to prioritise healthcare amid demographic shift Equity funds took the bigg...
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