The number of mutual and exchange-traded funds with a climate-related mandate has increased by 32% so far this year, according to research by Morningstar.
As of the end of September there were 1,140 global investments with a climate focus. Asset managers during the period, particularly in Europe, have focused their product development on funds invested in companies better prepared for the transition to a low-carbon economy, Morningstar found. Climate-conscious funds represented 37% of all climate fund launches, followed by climate-solutions funds (31%), and clean energy/tech funds (17%). Assets in European climate funds dropped by 6.5% in the first nine months of the year to $303bn. In euro terms, however, European climate fund asse...
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