Sustainable funds top $27.9bn
05 May 2021
Retail assets invested in Australian and New Zealand sustainable funds were close to reaching $28 billion at the end of the first quarter, rocketing up by more than 50 per cent from a year prior.
A new Morningstar report has chronicled a robust rate of growth in the Aussie sustainable market, with $1.5 billion of estimated flows in the three months to March, the second-highest quarterly flows on record – only beaten by the quarter before, which totalled $1.8 billion.
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Retail assets invested in the region’s sustainable funds have surged by 54 per cent year-on-year.