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Nordic asset managers reach top and flop lists in European fund analysis

Sustainable funds domiciled in Europe showed resilience during the covid-19 market sell-off, according to Morningstar. Three fund providers from the Nordics are represented in the bottom 10 while one is represented at the top.

Photo: PR: Scanpix

Sustainable funds domiciled in Europe showed resilience during the covid-19 market sell-off, according to a report by Morningstar.

Driven by continued investor interest in environmental, social and governance issues, the European sustainable fund universe pulled in EUR 30bn in the first quarter of 2020. This compares to an outflow of EUR 148bn for the overall European fund universe.

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