Record outstandings, jump in the number of labeled funds: sustainable management is one of the most promising segments of the asset management market. Management companies have understood this and are increasing the number of fund launches.
Responsible management continues to gain market share in France. Outstanding amounts rose from 1.458 billion euros to 1.861 billion at the end of 2019, driven in particular by the rise in the markets last year, show the latest data published by the French Association of Financial Management (AFG). The integration of environmental, social and governance (ESG) criteria into investment strategies constitutes the bulk of outstandings, with 1.315 billion, or more than a third of total outstandings in France.
But it was SRI strategies, which aim to reconcile financial performance with social and environmental impact, which recorded the strongest growth: + 31%, with positive inflows of 33 billion euros last year. And the recent fall in the markets has not degraded the attractiveness of responsible management, which has proven its resilience during this turbulent period. “Fears that this approach to investing is a bubble, which would burst once investors have more pressing priorities like the Covid crisis, prove to be completely unfounded”, welcomes Wim Van Hyfte, Head of Research and Responsible Investments at Candriam.