Sustainable funds faced a sharp slowdown in demand globally in 2023 amid political controversy and concerns about "greenwashing," even as many outperformed the broader market when the recovery of technology-related stocks bolstered their returns. Environmental, social and governance (ESG) investing boomed in 2020 and 2021 during the COVID-19 pandemic as low oil prices spurred more investors to diversify beyond fossil fuels, and as fund managers sought to appear more climate-conscious. The category started to fall out of favor in 2022 as conventional energy prices soared.
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Equities attract nearly half of £6.2bn net April fund sales
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Anna Fedorova
Equity funds took in £2.9bn in net retail sales in April, marking almost half of the net inflows across asset classes during the month, which amounted to £6.2bn.
According to the latest Investment Association data, the Global sector was the bestseller during the month, taking in £1.7bn.
Asian and Japanese equity funds were also popular, with net inflows of £245m and £161m respectively.
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Inflows into other regional funds were small, with UK taking in just £46m and North American funds, £22m. European equity funds even suffered small outflows of £72m.
[ANALYSIS] ESG responsibility changes financial investment landscape
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