fbpx

Monthly Sustainable Cash Flows: August 2018

Share This Article:

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on telegram
Telegram

Summary

  • Sustainable funds closed August at $310.5 billion, up $6.5 billion of which $2.9 billion is sourced to market movement and $2.05 billion to net positive cash flows, for a combined total of $4.95 billion; repurposed funds added $1.54 billion.
  • Sustainable funds registered an average gain of 2.14%, ranging from 17.17% to -3.87% while the SUSTAIN Equity Fund Index added 2.79%, lagging behind the S&P 500 by 47 basis points.
  • The top 20 sustainable fund groups held 88.2% of segments assets under management while largest 10 funds account for $157.4 billion and 51% of the segment’s assets and 10 sustainable ETFs hold $5.7 billion, a mere 3.6% of the equivalent number of mutual funds.
  • The largest monthly net gains were recorded by Washington Mutual, Parnassus and Calvert funds while largest monthly declines were recorded by Aberdeen, Morgan Stanley and Ariel funds.
  • Repurposed funds include DWS ESG Liquidity Fund, first ESG money market fund and two Allianz equity funds.
  • New funds launched in August include the DWS Xtrackers ETF and Impact Shares YWCA Women’s Empowerment ETF.

This article is part of premium content


To read full article, please log in or sign up for a free trial

Ready To Gain
Competitive Edge?

A new level of analysis, data & research about mutual funds, ETFs, ETNs & other ESG related investment vehicles