Sustainable funds attract £1.5bn more than conventional rivals in Q1

Sustainable equity funds dominate

Long-term sustainable funds attracted £4.11bn in the first quarter of 2023, compared to conventional peers which took in £2.58bn. However, total net flows, excluding money market funds, were negative at £6.69bn, according to data from Refinitiv Lipper.

Sustainable equity funds attracted the best part of the flows into the sustainable sector, with £3.81bn. This is versus redemptions of £4.77bn from their conventional peers.  Sustainable flows are flattered, however, by the heavy redemptions from money market funds, which saw £24.5bn exit, where this is overwhelmingly conventional, Refinitiv Lipper pointed out. Sustainable bond funds took only a fraction of their conventional peers, attracting £393m compared to £7bn, or 6%.   Last year, Bond GBP Corporates was the only bond classification to make it into the top ten, while in the f...