The number of climate-focused open-ended portfolios available to investors has increased by approximately 600% since 2018, according to the latest study from Morningstar.
Its fourth annual Investing in Times of Climate Change paper, which explores the progression of climate themed funds, found that as of June 2023, there were 1,407 open-ended and exchange-traded funds with a climate-related mandate. This compared with fewer than 200 portfolios five years ago. Total assets within the funds had also surged by around 30% in the past 18 months to $534bn, partly as a result of the product development. Article 9 funds receive lowest inflows on record as Article 8 products face outflows Hortense Bioy, global director of sustainability research at Morningst...
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