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January 29, 2024

In Charts: Global sustainable funds suffer record outflows in 2023

Wind turbines at sunset
Morningstar analysts have suggested that investors may be withdrawing from funds that are explicitly labelled as sustainable to avoid accusations of greenwashing (Photo: Pixabay/Pexels)

Global sustainable funds fell into negative territory for the first time in the final quarter of 2023

Sustainable funds globally saw a record total net withdrawal of $2.5bn for the fourth quarter of 2023, making it the first time that net quarterly flows have fallen into negative territory, data from financial services company Morningstar shows. 

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