US. Climate-related funds grow 16% in 2023 to $540 billion — Morningstar
Assets in mutual and exchange-traded funds with a climate-related mandate globally rose by 16% in 2023 to $540 billion, according to data collected by financial services firm Morningstar. The report said the increase was driven by continued inflows, product launches and market appreciation. Europe accounted for 84% of the climate-related assets, while China and the U.S. had market shares of 7% and 6%, respectively. However, the $40 billion of inflows into climate funds last year represented the lowest levels in four...