European retail SRI and green fund sales beat mainstream for second month

RI’s regular coverage of European ESG fund sales figures.

European retail SRI and green fund sales in June both outstripped mainstream equity funds for the second month in a row this year by recording healthy sales receipts – according to the latest available figures compiled for Responsible Investor by Lipper FMI, the investment data group. SRI, or RI Screened funds as they are labelled by Lipper FMI, recorded total inflows and market appreciation of €1.7bn for the month – following a rise of €461.3m in May – albeit hugely boosted by the transfer of another French cash fund over to SRI criteria: French fund manager Amundi’s Tréso Eonia ISR fund was the reason for the jump and grew by €2.5bn over the month. Sales of green themed and norms-based European RI retail fund sales – labelled ‘RI Extended’ by Lipper FMI – were also very positive during June at just over €2bn. Total sales of mainstream equity funds, however, were in the red by €7.9bn during June, adding to an €13bn slide in May. In the RI Screened sector, the second biggest seller was the Liechtenstein-domiciled LGT Bond Fund SI Quality Hedged fund which took in €378.3m in assets.Third was SEB, the Swedish fund manager’s ‘SEB Fund 3 – SEB Ethical Global Fund’ with receipts of €37.1m. Nonetheless, the sales of the Amundi cash fund covered the fact that most RI screened fund sales in the top 20 list recorded asset rises in the low double figures. The largest RI Screened fund is Amundi’s Tréso Eonia ISR fund with €20bn in assets. Second is Natixis’ Fonsicav fund with €2.7bn. Third is Allianz’s Securicash fund with €1.65bn. The strong growth of RI Extended funds over the month by over €2bn also came with its own particular slant in terms of domination by a plethora of Nordic bond funds. However, the highest grosser for the month was actually an equity fund, Nordea’s Invest Engros Internationale Aktier fund, which took in €780.8m. The second best seller was Storebrand Stat A bond fund with €363.1m. Third was another Nordea fund, this time a US corporate bond fund, Nordea 1, with sales of €210m. The biggest RI Extended fund is Nordea’s International Fund – Sekura Fund with assets of €3.6bn. Second is Danske’s Invest Dannebrog Mellemlange Obligationer with €2.35bn.
For top 20 fund sales list see downloadable documents – left hand column