【Morningstar】Global Sustainable Fund Flows

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ESG fund assets recover strongly, hitting USD 1 trillion mark in Q2 2020

Key Takeaways

Sustainable funds rebounded strongly after the coronavirus pandemic market sell-off. Supported by the stock market recovery and growing investor interest in environmental, social, and governance issues, global inflows into sustainable funds were up 72% in the second quarter of 2020 to USD 71.1 billion.

× Europe continued to dominate the space, garnering 86% of the global inflows, while the United States took in 14.6% Flows in the rest of the world were considerably lower, clocking in at only USD 0.26 billion for Canada, Australia and New Zealand combined, while Asia reported outflows.

× Assets in sustainable funds hit a record high of USD 1,061.5 billion as of the end of June, up 23% from the previous quarter.

× Product development in the second quarter of 2020 stood strong, with 125 new offerings. The rate of new offerings has been holding steady for the last five quarters. Asset managers also continued to repurpose and rebrand conventional products into sustainable funds, with 40 such funds in Europe and three in the U.S.

The Global Sustainable Fund Universe

The flow data encompasses 3,432 open-end funds and exchange-traded funds globally that use ESG criteria as a key part of their security-selection process and/or indicate that they pursue a sustainability-related theme and/or seek a measurable positive impact alongside financial return. The sustainable funds group does not contain funds that employ only limited exclusionary screens without a broader emphasis on ESG, nor does it contain the growing number of funds that now formally consider ESG factors in a nondeterminative way in their security selection. Money market funds, feeder funds, and funds of funds are excluded.

The global universe is divided here into three segments by domicile: Europe, United States, and Rest of World. There is more granular data available in this report for Canada, Australia and New Zealand, and Japan. China, Hong Kong, India, Indonesia, Malaysia, Singapore, Taiwan, Thailand, and South Korea are grouped because of the relatively low assets. This report examines recent activity in the global sustainable funds universe and details regional flows, assets, and launches for the second quarter of 2020. A summary is provided in Exhibit 1.