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ESG fund assets hit record EUR 1.12trn in Europe last year

More than half the money that flowed into European funds last year went into sustainable products, according to the Association of the Luxembourg Fund Industry, which represents the region’s biggest fund market.

Photo: SustainSolutions//PR

As a result, a record EUR 1.12trn,  (USD 1.4 trillion), in investor cash has now been steered toward strategies that address environmental, social and governance considerations, according to the study, which is the first in a series that ALFI is planning to do on ESG allocations.

The development means that 11 percent of European assets under management are now in sustainable funds.

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