Invested assets have fallen slightly since, to about $284 billion as of June 30. The decline was initially due in part to large withdrawals from the socially responsible iteration of the PIMCO Total Return Fund after Bill Gross left the firm in 2014. ESG assets fell $24 billion in 2016 through June 30 with the bulk of the decline coming out of U.S. equity-focused strategies. Year-to-date June 30, both the MSCI U.S. and ACWI ESG indexes have outperformed their non-ESG counterparts.
Institutional ESG assets
Interest in equity- and fixed income-focused funds has declined since 2013, while balanced and multiasset fund interest has held relatively stable.