Best-in-class and positive screening funds currently draw most of the environmental, social and governance fund flows worldwide, Broadridge estimates.
European managers’ assets under management fell 1.5% in the first half of 2020 (vs. December 2019) due to Covid-19 induced market downturn in the first quarter. However, the central bank-assisted rebound in Q2 helped offset this decline.
Investors continued to shun risky assets, resulting in net inflows to bond funds touching £454m out of the total £920m across all fund categories for the month.
Nearly half (46%) of the worldwide fund net sales in the second quarter of 2020 went into long-term funds.
The institutional investors comprising pension funds, joint stock companies and municipalities net subscriptions for all types of fixed income funds stood at NOK 3.4bn (€310m) in August.
Assets of Swiss investment funds increased by CHF 22.5bn or 1.8% in August, motivated by positive stock exchange movements and intensified capital inflows.
The number of notified foreign funds rose by 277 during the first half of 2020, according to the latest report by the Austrian Financial Market Authority (FMA).