As at mid-year, the fund industry managed assets totalling EUR 361 billion in sustainable funds, of which EUR 251 billion is managed by retail funds and EUR 110 billion by Spezialfonds. In accordance with the EU Sustainable Finance Disclosure Regulation, which entered into force on 10 March, only products classified by members as ‘Article 8 Funds’ (funds that have a sustainability strategy) or ‘Article 9 Funds’ (impact funds) are deemed to be sustainable. As at the end of March, fund assets totalled EUR 335 billion.
During the second quarter, sustainable funds generated inflows to the tune of EUR 10.2 billion, with open-ended retail funds accounting for EUR 9.3 billion. This equates to a 33 per cent share in the new business of this fund group. This figure stood at 45 per cent during the first quarter.
Please refer to charts pre- and post-SFDR (Source: BVI)
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