Global Sustainable Fund Flows: Q2 2024 in Review


Morningstar Sustainalytics  |   02nd Aug 2024  |   10 min read

Key Takeaways

  • In the second quarter of 2024, the global universe of sustainable open-ended and exchange-traded funds attracted an estimated USD 4.3 billion of net new money, compared with restated outflows of USD 2.9 billion in the first quarter.
  • European sustainable funds garnered USD 11.8 billion, up from the restated USD 8.4 billion in the previous quarter.
  • In the US, investors continued to pull money out of sustainable funds, but less than in the previous quarter. Redemptions in the second quarter amounted to USD 4.7 billion, about half of the USD 9 billion registered in the first quarter.
  • There were reduced outflows in Japan too, while sustainable funds in Asia continued to attract net new money.
  • Supported by stock price appreciation, global sustainable fund assets stood steady at USD 3.1 trillion at the end of June 2024.
  • Product development continued a downward trajectory, with 77 new sustainable fund launches in the second quarter. While this number is likely to be revised upwards, it confirms the normalization of product development activity in this space.

Download full document


Empower your clients' success with access to Morningstar's trusted research, ratings & tools

Organise a time to speak to our team about Morningstar's range of adviser solutions

By clicking Submit, you agree to Morningstar’s Privacy Policy.

You might also like