The report covered 6,452 funds that claim to focus on areas like...

The report covered 6,452 funds that claim to focus on areas like environmental, social or governance (ESG) factors. Their net assets at March 31 were still higher than they were a year earlier, around $2 trillion, and compared with around $1 trillion at March 31, 2020.Passive fund managers continued to dominate Morningstar's list of companies taking in the most money to sustainable funds, led by BlackRock Inc whose ESG-type products drew net new deposits of $10.9 billion in the first quarter.However a BlackRock ESG fund, iShares Green Bond Index Fund, had the most outflows of any sustainable fund in the quarter, nearly $2 billion. Green bonds issued by companies to finance projects with environmental benefits face the same headwinds as other bonds, such as rising inflation.In addition, Morningstar said, corporate issuers increasingly use sustainability bonds linked to specific ESG targets.Future looking bright.. IMOTotally agree... this new post on my International commsec