European investors flocked to ESG strategies in Q2, pouring in $8.6bn of net new money, according to Morningstar data.
This marks a dramatic turnaround from the previous quarter, where Europe redeemed $7.3bn.
Morningstar’s report found that Europe drove a wider recovery for ESG funds this quarter with the sector recording net inflows of $4.9bn globally after record high redemptions of $11.8bn in Q1.