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outpacing - 1 Edward Glyn - 1 ESG - 1 Hortense Bioy - 1 Bioy - 1 Tommy Reggiori Wilkes - 1 Patturaja - 1 David Holmes - 1
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Search resuls for: "Tommy Wilkes Patturaja Murugaboopathy"


3 mentions found


☆ ESG equity funds suffer big outflows, buffeted by market jitters and U.S. backlash
  + stars: | 2023-07-06 | by ( Tommy Wilkes Patturaja Murugaboopathy | Tommy Wilkes | Patturaja Murugaboopathy | ) www.reuters.com   time to read: +3 min
Reuters GraphicsAnalysts said the data underlined that once-booming ESG funds were no longer immune from wider market dynamics. BELOW PEAKNet assets across ESG funds fell in the second quarter and to below recent peaks, according to Refinitiv. Morningstar's global director of sustainability research, Hortense Bioy, said their preliminary data suggested demand for more stringent ESG funds appeared resilient. However, she said that managers' desire to meet European Union regulations had encouraged some firms to reclassify their ESG funds as traditional products, impacting investor flows. The anti-ESG backlash had also hit U.S. firms' appetite for marketing sustainable funds, "which has had an impact on sales," Bioy said on the sidelines of a conference this week.
Persons: outpacing, Edward Glyn, ESG, Hortense Bioy, Bioy, Tommy Reggiori Wilkes, Patturaja, David Holmes Organizations: Equity, Reuters, Reuters Graphics Analysts, outflows, ESG, Reuters Graphics, Thomson Locations: Europe, United States, Calastone
☆ Banking turmoil dampens shine of ESG funds at end of strong Q1
  + stars: | 2023-04-06 | by ( Tommy Wilkes Patturaja Murugaboopathy | Tommy Wilkes | Patturaja Murugaboopathy | ) www.reuters.com   time to read: +3 min
Below are several charts setting out how ESG funds have held up so far this year. Reuters GraphicsTECH REBOUNDESG equity funds enjoyed a quarter of net inflows, even after the March withdrawals, beating non-ESG equity funds, which lost money. ESG funds have historically owned bank shares because of their relatively lower carbon emissions, Boakye said, although versus traditional funds their exposure to banks is generally lower. Across the quarter ESG bond funds managed to attract more cash than they lost. Reuters GraphicsOUTPERFORMINGThanks to the rebound in tech shares and other sectors shunned in 2022, ESG equity funds outperformed traditional funds during the quarter.
☆ ESG funds set for first annual outflows in a decade after bruising year
  + stars: | 2022-12-19 | by ( Tommy Wilkes Patturaja Murugaboopathy | Tommy Wilkes | Patturaja Murugaboopathy | ) www.reuters.com   time to read: +3 min
The funds, which reflect a range of environmental, social and governance (ESG) issues, are also set to lag the performance of non-ESG funds for the first time in five years, data shows, after the fossil fuel shares they typically shun soared. "They (ESG funds) are subject to the same market movements," she added. Reuters GraphicsHowever, non-ESG funds have also suffered withdrawals, losing $420 billion in the first 11 months of 2022, the data shows. Reuters GraphicsUNDERPERFORMINGAfter several years of outperform - thanks partly to large holdings of U.S. technology stocks - ESG equity funds, which make up the bulk of assets in the sector, have fallen back to earth. ESG equity funds have lost 18% to end-November, versus a 15.8% fall in non-ego equity funds, based on Refining Lipper data.
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