Investors exit active ESG funds and go passive: Morningstar
Outflows from active funds saw US$800m pulled from the total Australasian ESG funds sector in the second quarter.
Australasia only accounts for 1% of global ESG funds, with Europe comprising 84%.
Australasian investors are continuing their exit from actively managed sustainable funds while passive funds continue to enjoy inflows, according to new data from analyst group Morningstar.
The Morningstar data for the second quarter of 2024 showed that around US$1.75b ($2.94b) in outflows from
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