Assets invested in environmental, social, and governance exchange-traded products listed globally — including exchange-traded funds — rose more than 84% during the first 11 months of this year to a record $371 billion, London-based ETFGI reported Friday.
ESG products saw net inflows of $16.6 billion in November, bringing net inflows for the 11 months ended Nov. 30 to $146.8 billion. That was up 114% from the $68.6 billion they netted during the same 11-month period last year, according to a news release from ETFGI, an independent research and consultancy firm.
ESG ETF/ETP assets totaled $201 billion at the end of 2020, the release said.
Many investors see ESG-related factors such as climate change, bad governance and lack of diversity as "financial risks which they want to mitigate by investing in ESG ETFs," Deborah Fuhr, ETFGI's managing partner, founder and owner, said in an email to Pensions & Investments Friday.
The top 20 ETFs/ETPs by net new assets collectively accounted for $6.9 billion in November, about 41% of the $16.6 billion in total November net inflows, the release said. BlackRock's iShares ESG Aware MSCI USA ETF, which raked in $807 million, had the most net inflows of any ESG exchange-traded product in November.
In November, 33 new ESG ETFs/ETPs were launched, the release said.
