This year through the end of May, just over 100 ESG funds were launched globally, putting the industry on track to fall well short of levels seen in recent years, the data show.
At some of the world’s biggest asset managers, ESG fund launches are quietly stalling.
BlackRock, Deutsche Bank AG’s DWS Group, Invesco and the asset management arm of UBS Group are among firms that have cut the number of new funds with environmental, social and governance mandates, according to data provided by Morningstar Direct.
