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European sustainable funds grow twice as much as funds overall in Q3

The third quarter saw 93 launches of new sustainable offerings, bringing the total number of sustainable funds domiciled in Europe to 2,324.

Photo: PR / MORNINGSTAR

The European sustainable fund universe continued to expand in the third quarter of 2019, more than doubling the growth of the overall European fund universe, reports Morningstar Manager Research.

The company, which released its Quarterly European Sustainable Fund Flows data on Monday, notes that assets in European sustainable funds grew by 6 percent to EUR 626bn over the third quarter.

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