AMWatch

Cash floods into ESG funds as new rules ease greenwashing angst

The flow of cash into ESG funds picked up last quarter as Europe's new disclosure requirements help restore confidence in a market hit by greenwashing allegations.

Hortense Bioy, global director of sustainability research at Morningstar. | Photo: PR / MORNINGSTAR

Money moving into funds tackling environmental, social and governance issues jumped by more than 25 percent from the previous three months, to make up more than half of all new inflows, according to new figures compiled by Morningstar.

Asset managers including Amundi and JPMorgan are refurbishing old funds and launching new Article 8 and Article 9 products, otherwise known as light and dark green investments.

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