Dark green funds saw their lowest flows on record throughout the second quarter of 2023, despite sustainable fund assets passing the €5trn mark for the first time.
Assets in Article 8 and Article 9 funds rose by 1.4% over the quarter, despite the former losing €14.6bn in outflows, while the latter raised their lowest inflows (€3.6bn) since the introduction of SDFR in 2021. Data from Morningstar's SFDR Article 8 and Article 9 Funds: Q2 2023 in Review report revealed that despite the poor inflows, Article 9 funds saw the best performance of any SFDR classification, rising 1.2% organically throughout the quarter,. Deep Dive: Increased electrification brings challenges and opportunities The report noted a "stronger presence of passive strategies"...
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