European SRI retail fund sales buoyed by €2bn rise in February

Year starts well for SRI funds.

Sales of European SRI retail funds remained buoyant for the beginning of the year rising by over €2bn in February 2012, according to the latest available figures compiled for Responsible Investor by Lipper FMI, the investment data group. The sales of SRI, or RI Screened funds as they are labelled by Lipper FMI were up by €2,051bn, regaining most of the slump in assets at the end of 2012. The biggest riser over the month was French fund manager Amundi’s Tréso Eonia ISR cash fund, which was up by €1,655bn
Second was Allianz’s Securicash SRI fund, with asset rises and sales receipts of €131.4m. Third behind the two cash funds was the top selling SRI equities fund, Sweden’s Handelsbanken with its Funds Global Ethical, which netted €116.9m in new money and asset appreciation. The biggest SRI retail fund in Europe is presently Amundi’s Tréso Eonia ISR with €25.7bn in assets. Second is French insurer MACIF’s Court Terme ISR, SRI cash fund with €1.8bn. Third is Natixis’ Fonsicav cash fund with €1.52bn.Sales of green themed and norms-based European RI retail fund sales – labelled ‘RI Extended’ by Lipper FMI – were steady over the month, rising by just over €202.5m, continuing a gradual rise in the few months. Sales were dominated by Scandinavian fixed income and money market funds. Nine of the top ten funds were sold by Nordea, the Nordic financial services group. The best selling fund was Nordea 1 – US Total Return Bond Fund with €232.5m in market appreciation and assets. Second was Nordea’s Obligasjon III fund, which took in €74.8m. Third was Nordea 1 – European Cross Credit Fund with receipts of €68.5m. The largest RI Extended fund is Nordea’s International Fund – Sekura Fund with €3.5bn in assets. Second is Norway’s Storebrand Stat A fund with €2.38bn. Third is Pictet’s Water fund with €2.3bn. Total mainstream retail fund sales were up by €9.4bn over the month.
See downloadable documents for top fund sales listings