S-E Asia’s ESG funds record outflows in Q1 as investors shun regional equities
Nonetheless, some fund managers expect to see a more supportive environment for fund flows globally as the interest rate environment stabilises
Add BT as a preferred source
ENVIRONMENTAL, social and governance (ESG) funds in South-east Asia recorded net outflows in the first quarter of 2024, even as non-ESG funds pulled in more money.
Investment strategists told The Business Times that investors across the globe have generally been allocating their capital into money market and fixed income funds, whether they come with the sustainability label or not.
South-east Asia’s ESG funds, which are mostly equity funds, have therefore been missing out. Nonetheless, some fund managers expect to see a more supportive environment for fund flows globally as the interest rate environment stabilises.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
PayPal plans job cuts as its new CEO pursues turnaround strategy
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
