Gustavo Bernal Torres
ESG Demand Prompts more than 250 European Funds to Change Track
Repurposing helped push European sustainable AUM to €1.1tn by the end of 2020-
In addition to the repurposed vehicles there were 505 new ESG fund launches in Europe over the year.
Morningstar data also show that 87 per cent of the 253 repurposed funds, which claimed to have added ESG criteria to their investment objectives and/or policies, also rebranded themselves, adding terms such as “sustainable”, “ESG”, “green”, or “socially responsible investment” to their fund title.