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
Add BT as a preferred source
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.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Manulife pulls loan product for rich Hong Kong clients after scrutiny
