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Investors pull €47bn from ‘light green’ funds, but managers claim it’s an ESG ‘red herring’

ESG funds have been among asset managers’ best-sellers. But data shows investors have pulled billions from ‘light green’ products

By David Ricketts
Fund houses claim positive inflows into 'dark green' funds show that appetite is still there for ESG
Fund houses claim positive inflows into 'dark green' funds show that appetite is still there for ESG Photo: Monty Rakusen/Getty Images

Investors have pulled billions from Europe’s 'light green' funds, according to latest flows data, suggesting some ESG products are falling out of favour.

Sustainable funds have been among European asset managers’ best-sellers in recent years, with a new EU framework introduced almost 18 months ago further accelerating flows into ESG products.

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