ESG fund flows fall on HL platform in January against backdrop of market turbulence
- On February 24, 2022
- By GrowthInvest Marketing
- ESG fund flows fell on the HL platform in January as investors looked to take gains and buy in to other sectors against a backdrop of market turbulence
- Net flows into ESG funds were down 115% in January 2022 vs January 2021
- January 2022 was the first month of negative net flows into ESG funds since March 2020
Emma Wall, Head of Investment Analysis & Research, Hargreaves Lansdown:
“January saw significant market volatility as fears of a Fed rate rise cooled the appeal of growth stocks. The Nasdaq index of US tech stocks recorded its worst month since the pandemic slump in March 2020, as investors took gains and instead sought out stocks such as financials, which tend to benefit from higher interest rates. ESG funds were caught up in the style rotation as the appeal of growth-orientated names waned.
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