Sustainable fund universe continues growth in Q3

The European sustainable fund universe continued to enjoy ongoing growth throughout the third quarter at a rate that outpaces the overall sector in the region.

Assets in European sustainable funds grew 6% to €626 billion in the three months to end September. The growth rate for the whole European fund universe was set at 2.6%.

Less money poured into fixed income and allocation funds, meaning that inflows standing at €249 billion were not as strong as the previous quarter, according to a report by Morningstar.

Hortense Bioy, director of passive strategies and sustainability research, Europe, said: “Continuously strong flows into sustainable funds in Europe are evidence that investors are increasingly putting their money where their mouth is.”

Year-to-date flows into sustainable funds reached €70.4 billion by the end of the quarter, making up nearly 40% of the total flows into European funds.

According to the report, passive funds dominated the top 10 flow chart for the quarter, with four index funds and exchange-traded funds occupying the top spots.

A total of 252 sustainable funds have been launched so far this year, following the launch of 93 sustainable strategies in the third quarter bringing the overall number of sustainable funds in Europe to 2,324.

©2019 funds europe

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