South-east Asia ESG funds record net inflows in Q3 2024, reversing two quarters of outflows
Besides fixed income and money market funds, investors also channel their capital towards multi-asset funds, as well as broad-based equities in Asia
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ENVIRONMENTAL, social and governance (ESG) funds in South-east Asia reversed two consecutive quarters of outflows, recording net inflows for the third quarter of 2024.
However, on a year-on-year basis, capital flows into ESG funds domiciled in Indonesia, Malaysia, Singapore and Thailand fell 48.2 per cent to US$138.3 million in the quarter, from US$267.2 million, indicated data from Morningstar.
Amid wider geopolitical uncertainties, fund managers told The Business Times, the focus on securing yields have led investors to prefer large-cap index stocks, as well as fixed income or money market funds – investment products that typically do not come with an ESG label.
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