11 November 2021- China’s ESG assets amount to USD47.5 billion after recording a strong growth of 33% in the third quarter, according to Morningstar’s latest data on Asia ex-Japan sustainable funds*. The data set is attached for your reference. The revised full report can also be found here.
Verna Chen, Associate Analyst of Manager Research, Morningstar, based in Shenzhen, remarked: “In 2021, investors in China have shown growing interest in ESG funds, particularly in renewable energy and low carbon products, as the Chinese government continues its efforts to meet the commitments to hit peak emissions by 2030 and achieve carbon neutrality by 2060. Many local fund companies see carbon neutrality as one of the long-term growth themes and therefore, have launched or are planning to launch climate-aware funds to meet the growing demand.”
Feel free to contact us if you would like to talk to Verna to get more insights on China ESG funds.
Asia ex Japan (including China)
*We have updated the Asia ex-Japan Sustainable Fund data by adding the Q3 data for China, and revised a fund flow data error for a Taiwan ESG fund in the previous report.
The Global Sustainable Fund Universe
The global sustainable fund universe encompasses open-end funds and exchange-traded funds globally that, by prospectus, factsheet, or other available resources, claim to have a sustainability objective and/or use binding ESG criteria for their investment selection. The sustainable funds group does not contain funds that employ only limited exclusionary screens such as controversial weapons, tobacco, and thermal coal, nor does it contain the growing number of funds that now formally integrate ESG considerations in a nondeterminative way for their investment selection. Money market funds, feeder funds, and funds of funds are excluded.
Re-disseminated by The Asian Banker