Fees from ESG funds jump almost 400% despite brutal 2022 for asset managers – Financial News

Sustainable bond funds saw the biggest revenue increase in percentage terms, jumping 384% last year to $215m, according to estimates exclusively provided to Financial News by Fitz Partners.

Fitz Partners, which analysed the retail share classes of more than 3,500 European funds, excluding ETFs, found the steep rise in revenues coincided with a 343% jump in average assets under management for sustainable bond funds.

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