Sustainable funds in South-east Asia attracted more capital in 2023 than in 2022, bucking the global trend of lower inflows. Last year, a net US$324.7 million flowed into funds that are domiciled in South-east Asia and tagged with a sustainability label. This figure is 11.2 per cent higher than the US$291.9 million of net inflows recorded for 2022.
The global universe of sustainable funds netted inflows of US$63 billion last year, a 60.9 per cent decline from US$161 billion of net inflows in 2022. These non-ESG funds recorded almost US$3 billion of net inflows in Q4 2023, against net outflows of US$1.2 billion in the same period the year before.
