ESG takeover?

Despite gloom about sales and ongoing revenue pressure, July, in keeping with every other month, saw plenty of new launches, with the red thread running through all of them being ESG. Two of the largest launches were environmentally aware money market funds from BlackRock, while 39 of the 210 launches were tagged as Responsible Investing ('RI') funds, together raising over €3bn of net new sales. Other notable launches in July were Aviva Investors Sustainable Income & Growth, Invesco US Senior Loan ESG Fund and UBS ETF - EURO STOXX 50 ESG UCITS ETF, showing ESG launches are extending to all areas of asset management.

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