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Outflow from S-E Asia ESG funds continues on higher energy prices

Janice Lim
Published Mon, Aug 14, 2023 · 05:00 AM

CAPITAL continued to flow out of environmental, social and governance (ESG) funds in South-east Asia, and into non-ESG funds, for a second consecutive quarter on the back of higher energy prices.

ESG funds domiciled in Singapore, Thailand, Malaysia and Indonesia recorded net outflows of US$66.2 million for the second quarter of this year, according to data from Morningstar. That extended an outflow of US$104.1 million in the previous quarter, and reversed net inflows of US$37.6 million from a year ago.

Conversely, non-ESG funds in the four …

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