News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

Fees from ESG funds jump almost 400% despite brutal 2022 for asset managers

Sustainable bond funds saw the biggest revenue increase in percentage terms last year, jumping 384%

Green funds are continuing to hoover up investor assets
Green funds are continuing to hoover up investor assets Photo: Getty Images/iStockphoto

Asset managers have seen fees from some sustainable funds jump almost 400%, a saving grace in what was otherwise a dire year for the industry.

The sector endured one of its worst years on record in 2022, with some of the biggest fund houses in Europe recording a drop in revenue and profit amid a mass investor exodus from mutual funds.

WSJ Logo