Sustainable Funds Beating Peers in 2023
- Media Manager
- Aug 16, 2023
- 1 min read
Morgan Stanley
Institute for Sustainable Investing
Published: August 17th, 2023
Photo Credit: Unsplash/CC0 Public Domain
In the first half of 2023, sustainable funds saw a median return of 6.9%, beating traditional funds’ 3.8% and reversing their underperformance in 2022, according to a new “Sustainable Reality” report from the Morgan Stanley Institute for Sustainable Investing. Investor demand also remained strong as sustainable funds’ assets under management (AUM) reached record levels.
“Our mid-year update shows the resilience of ESG funds with a return to outperformance after a challenging 2022,” says Morgan Stanley's Chief Sustainability Officer and CEO of the Institute for Sustainable Investing Jessica Alsford. “Investors are increasingly turning to sustainable funds with sustainable AUM now at ~8% of total AUM globally.”
