Sustainable Funds End June at $285.9 Billion, Adding $1.9 Billion but Experiencing an Estimated $375.2 Million in Net Outflows
The net assets of 1,025 sustainable funds, including mutual funds, exchange-traded funds (ETFs) and exchange-traded notes (ETNs), ended the month of June with $285.9 billion in assets versus $283.9 billion at the end of May. Net assets recorded an increase of $1.9 billion or 0.68%, entirely sourced to repurposed funds. Since the start of the year, sustainable funds have added $35.5 billion in net assets, but much of that sum, a total of $30.9 billion, or 87%, is also attributable to repurposed funds. These are existing funds that have adopted a sustainable strategy or investment approach by formally amending their prospectus. Refer to Chart 1.