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S-E Asia’s ESG funds lose US$131.5 million of net outflows in Q1 2023

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Janice Lim

Janice Lim

Published Mon, May 8, 2023 · 05:50 AM
    • While the net flows in ESG funds domiciled in South-east Asia declined, quarterly returns for ESG funds improved with an average return of 4.2 per cent, compared with -6.9 per cent a year ago. 
    • While the net flows in ESG funds domiciled in South-east Asia declined, quarterly returns for ESG funds improved with an average return of 4.2 per cent, compared with -6.9 per cent a year ago.  PHOTO: BT FILE

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    CAPITAL flowed out of environmental, social and governance (ESG) funds in South-east Asia in the first quarter of 2023, with net outflows of US$131.5 million reversing a year-ago net inflow of US$21.3 million.

    The opposite took place for non-ESG funds domiciled in the region, which saw net inflows grow to US$5.4 billion from net outflows of US$2.4 billion over the same period, according to data provided by financial services company Morningstar. 

    While the net flows in ESG funds domiciled in South-east Asia declined, quarterly returns for ESG funds improved with an average return of 4.2 per cent, compared with -6.9 per cent a year ago. 

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