(Finance) – I ESG fund flows have shown signs of weakening in 2023: globally, ESG funds have raised 58 billion dollars, 122 billion dollars less than in 2022 and 543 billion dollars less than in 2021. This is what emerges from the Capital Markets Observatory created by EQUITY in collaboration with Bocconi University.
The research highlights that theEurope continues to represent the most developed marketor for ESG investments, remaining the only one to maintain positive net inflows, while the United States recorded negative net inflows of -14 billion dollars versus +3.3 billion dollars in 2022.
In line with global trends, the Italian market confirmed the negative trend observed in other geographical areas in terms of net outflows ESG amounting to €8 billion for 2023 (€19 billion in net inflows in 2022), however doing better than the year’s total net outflows of €48 billion.
From the Observatory it also emerges that the ESG indices do not show a significant deviation compared to their conventional indices, as they were equally influenced by macro drivers in 2023. Looking at ESG indices in Europe: The MSCI Europe ESG Leaders Index (+11.3%) outperformed its conventional equivalent (+10.2%). In the US market, the S&P 500 ESG index (+25.9% in 2023) outperformed its conventional equivalent (+24.2%)