Equity funds take majority of sustainable inflows in 2023

LSEG Lipper UK ESG fund flows report

Equity funds took the largest share of sustainable inflows in the first three quarters of 2023, bagging £9.6bn, according to data from LSEG Lipper.

Of those, just over £2bn of inflows were added in the third quarter. Over the same time period, equity funds also experienced £16.4bn of ‘conventional' outflows. LSEG Lipper found flows in the other asset classes over the three quarters were "muted", with bonds taking in £1.1bn in sustainable inflows, while conventional peers netted ten times more at £11.2bn. Sustainable money market funds gathered around £800m over the nine months, while conventional peers shed £54.5bn, likely a result of pension funds redeploying cash towards safer holdings, Lipper said.  Similarly, both sustaina...