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Just 15 funds were moved up from the EU’s Article 8 classification in the third quarter
Assets in Europe-domiciled passively managed funds grew threefold to €2.8tn between June 2014 and June 2023
European vehicles drop ESG-related labels amid regulatory and reputational concerns
But analysts say the decision to sell out was mainly prompted by their long-term poor performance
Average charges for European passive funds have declined faster than their active counterparts
Experts agree demand is strong, but uncertainty over regulations is having an impact
Price wars have prompted many providers to lower fees
Index trackers and ETFs run by firms including BNP Paribas and Amundi are among those with ‘unexpected’ holdings
The iShares China CNY Bond ETF has attracted net inflows of €4.5bn in first seven months of 2021
Industry observers suggest high returns from ESG investments prompted a wave of profit-taking
Surge in returns follows commitments made by Xi Jinping to achieve net zero emissions by 2060
US and European funds instead suffered outflows of $8.5bn and $3.6bn respectively in the first half of the year
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