Assets in climate-focused funds soar to $408bn in 2021

The number of mutual funds and exchange-traded funds (ETFs) with a climate-focused mandate grew to 860 at the end of last year, according to a new report from Morningstar, and assets in the space doubled to $408bn.  The report, which examined climate-focused investment funds revealed 2021 was a stand-out year for environmental finance, as COP26, a new US administration, and rapid growth in industry collaboration drove climate action and commitments across businesses and the asset management industry. As product development in the space gathered pace, $408bn in assets flowed into clima...