S-E Asia ESG funds record net inflows in Q3 2023, reversing two quarters of outflows

ENVIRONMENTAL, social and governance (ESG) funds in South-east Asia saw net inflows of US$368 million for the third quarter of this year, reversing two previous consecutive quarters of outflows.

On a year-on-year basis, capital flows into ESG funds domiciled in Singapore, Thailand, Malaysia and Indonesia increased by 254 per cent from US$104.1 million in the same quarter last year, according to data from Morningstar.

Non-ESG funds domiciled in the region recorded net inflows of US$15 billion in the third quarter of this year, reversing an outflow of US$1 billion a year ago. The amount of net inflows has also been increasing over the past three consecutive quarters.