Funds that take into account environmental and social aspects as well as corporate management collected around 482 billion euros net last year.
(Photo: dpa)
Frankfurt The long-booming funds for sustainable investments are being hit. In the European fund market, investors withdrew money from these products for the first time between February and April. Based on Morningstar data, the online platform Envestor.de comes to around 18 billion euros.
“Presumably the greenwashing news, the poorer investment returns and of course the generally negative stock market situation play a role,” says Envestor fund expert Ali Masarwah. A trend was reversed with the sales, because in the past calendar year these so-called ESG products, taking into account environmental and social aspects as well as corporate management, had collected around 482 billion euros net.
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