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Socially conscious funds saw record inflows this year as the disastrous events of 2020 spurred investors to action.
According to Morningstar, assets under management in ESG funds were $ 1.2 trillion in the third quarter. The United States saw inflows of $ 9.8 billion in the third quarter, bringing the total year-to-date to $ 30.7 billion. The fourth quarter has not yet been counted, and the number is already well above the total of $ 21.4 billion for 2019.
“The disruption caused by the pandemic has shown the importance of building sustainable and resilient business models based on multi-stakeholder considerations,” Morningstar said in a report. “Average first quarter outperformance of sustainable funds around the world also helped allay some investors’ concerns about the possible trade-off between returns and sustainable strategies.”
Here are some of the sustainability-focused funds that got the most attention this year: