The Rs 30 trillion Indian mutual funds (MF) industry may have seen five ESG-themed MF schemes rolled out so far in 2020. But a wave of ESG investing has been sweeping global markets for some time now.
Data from research firm Morningstar Investment Adviser showed that in October, global assets under management (AUM) with ESG portfolios hit a high of US$1.2 trillion – a quantum increase from $530 million five years ago. Bloomberg reports state that there were 17 ESG exchange traded funds rolled out so far in 2020, compared with 10 in all of 2019. This launches make October the best-ever month for inflows since 2013.
