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Aug 25, 2020

News | Business | Markets: Assets in ESG exchange traded funds and products top $100bn

Alf Wilkinson



Global assets held in exchange traded funds and products invested according to good environmental, social and governance principles surpassed $100bn last month, according to research by ETFGI, a consultancy.
The milestone was breached after $6.76bn of net inflows in July, which brought assets in globally listed ESG ETFs and ETPs to a total of $101bn, up from $88bn at the end of June.
ESG vehicles domiciled in Europe accounted for 51.6 per cent of those assets, while US-based ETFs and ETPs held just over 40 per cent of the market.
By the end of July, global ETFs and ETPs had garnered $38.8bn of net new money, far more than the $12.4bn such vehicles gathered in the same period of 2019 and the $26.7bn of net inflows recorded over the entire year.
This article was previously published by Ignites Europe, a title owned by the FT Group.
ETFGI research found that the 20 best-selling ETFs gathered $4bn of net inflows in July.
Amundi’s MSCI Emerging ESG Leaders Ucits ETF was the most popular fund in the space and collected $588.8m.
ETFGI said that since the first ESG ETF launch in 2002 — the iShares MSCI USA ESG Select ETF offered by BlackRock’s ETF arm — the number and diversity of products had “increased steadily”.
51.6% The proportion of ESG ETFs domiciled in Europe
The global ESG ETF and ETP industry comprises 393 products with 1,077 listings, from 92 providers on 31 exchanges in 25 countries, according to the consultancy.
ETFGI organises ETFs and ETPs into categories, including core ESG products and theme-based groups, such as clean energies and gender diversity.
The consultancy reported earlier this month that ETFs and ETPs listed in Europe garnered $17.5bn of net new money across all categories in July, taking inflows in 2020 to just over $50bn, below the $62.7bn the industry had gathered in the same period in 2019.
At the end of July, overall assets in the European ETF/ETP industry stood at $1.08tn.
*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. It covers everything from new product launches to regulations and industry trends. Trials and subscriptions are available at igniteseurope.com.

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