ETFGI reports assets of 530.64 billion US dollars invested in ESG ETFs listed globally at the end of February

Press Release

LONDONMarch 28, 2024 ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that Environmental, Social, and Governance (ESG) ETFs and listed globally gathered net inflows of US$5.56 billion during February, bringing year-to-date net inflows for 2024 to US$5.96 billion much lower than the US$12.92 billion in year-to-date net inflows gathered in 2023, according to ETFGI’s February 2024 ETF and ETP ESG industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service.(All dollar values in unless otherwise noted.)

Highlights

  • Assets of $530.64 Bn invested in ESG ETFs listed globally at the end of February.
  • Assets increased 2.9% YTD in 2024, going from $515.79 Bn at the end of 2023 to $530.64 Bn.
  • Net inflows of $5.56 Bn during February 2024.
  • YTD net inflows of $5.96 Bn are the fifth highest on record, while the highest YTD net inflows of $40.93 Bn in 2021, followed by YTD net inflows of $18.49 Bn in 2022 and YTD net inflows of $13.23 Bn in 2020.
  • 11th month of consecutive net inflows.

 

“The S&P 500 index increased by 5.34% in February and is up by 7.11% YTD. Developed markets excluding the US increased by 1.90% in February and are up 1.58% YTD. Ireland (up 8.60%) and Israel (up 8.27%) saw the largest increases amongst the developed markets in February. Emerging markets increased by 4.18% during February and are up 0.57% YTD. China (up 8.41%) and Peru (up 7.12%) saw the largest increases amongst emerging markets in February”, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

 

Global ESG ETFs asset growth as of end of February

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Since the launch of the first ESG ETF in 2002, the iShares MSCI A ESG Select ETF, the number and diversity of products have increased steadily. At the end of February 2024, ESG ETFs listed globally had 1,458 products, with 4,425 listings, assets of $530.64 Bn, from 240 providers listed on 46 exchanges in 36 countries. Following net inflows of $5.56 Bn and market moves during the month, assets invested in ESG ETFs listed globally increased by 4.1% from $509.89 Bn at the end of January 2024 to $530.64 Bn at the end of February 2024.   During February, 5 new ESG ETFs/ETPs were launched.

Substantial inflows can be attributed to the top 20 ETFs/ETPs by net new assets, which collectively gathered $10.31 Bn in February. Amundi MSCI USA ESG Climate Net Zero Ambition CTB UCITS ETF (USA FP) gathered $1.69 Bn, the largest individual net inflow.

 

Top 20 ESG ETFs/ETPs by net new assets February 2024         

Name

Ticker

Assets

($ Mn)

Feb-24

NNA

($ Mn)

YTD-24

NNA

($ Mn)

Feb-24

Amundi MSCI USA ESG Climate Net Zero Ambition CTB UCITS ETF

USA FP

       3,641.42

             1,669.72

          1,688.31

AMUNDI S&P 500 ESG UCITS ETF

S500 FP

       4,855.60

             1,391.01

          1,448.49

iShares € Corp Bond ESG UCITS ETF

SUOE LN

       6,116.40

                908.48

             725.97

Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF - Acc

WSRI FP

       5,471.56

                466.40

             710.98

CAPITAL ICE ESG 20+ YEAR BBB US CORPORATE ETF

00937B TT

       2,284.98

             1,289.47

             583.04

Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF

ZPA5 GY

       3,536.89

                605.04

             557.72

JPMorgan US Research Enhanced Index Equity ESG UCITS ETF - Acc

JREU LN

       6,523.69

                915.46

             554.73

iShares MSCI World ESG Enhanced UCITS ETF

EEWD LN

       4,722.92

                406.37

             425.38

JPM Global Research Enhanced Index Equity (ESG) UCITS ETF - Acc

JREG LN

       4,668.51

                557.86

             424.62

UBS SPI ESG ETF - Acc

SPISI SW

       1,340.12

                480.99

             395.68

UBS (Irl) ETF plc – MSCI ACWI ESG Universal Low Carbon Select UCITS ETF USD ACC

AWESGW SW

       3,614.00

                365.38

             390.35

L&G Europe ESG Exclusions Paris Aligned UCITS ETF - Acc

RIEU LN

       1,520.75

               (332.11)

             379.80

Cathay Taiwan Select ESG Sustainability High Yield ETF

00878 TT

       8,329.86

                401.04

             352.59

Amundi S&P 500 Equal Weight ESG Leaders UCITS ETF - Acc

WELE GY

       1,062.53

                296.44

             293.75

Xtrackers MSCI World ESG UCITS ETF  - 1C - Acc

XZW0 LN

       6,327.66

                687.86

             262.84

UBS Irl ETF plc - MSCI World Small Cap Socially Responsible UCITS ETF - Acc

WSCSRI SW

          469.79

                264.61

             241.62

BNP Paribas Easy ECPI Global ESG Infrastructure Equity UCITS ETF - USD Acc

XU61 GY

          238.92

                236.19

             236.19

WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc

GGRA LN

       1,387.08

                242.93

             226.01

Amundi MSCI World ESG Leaders UCITS ETF - Acc

MWOP GY

       1,180.33

                265.39

             207.99

Amundi Index Euro Agg Sri UCITS ETF DR - Acc

EGRI FP

       1,425.14

                291.76

             206.13

           

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Confusion persists around what constitutes an ESG fund. According to PRI, an UN-supported initiative which seeks to understand the investment implications of ESG issues, 56% of adopters believe there is a lack of clarity in ESG definitions. ETFGI’s classification system attempts to provide greater precision, with ETFs/ETPs listed globally organised into categories, including core ESG products and theme-based groups, such as Clean/Alternative Energies and Gender Diversity. 

 

Please contact deborah.fuhr@etfgi.com if you would like to discuss the cost to subscribe to any of ETFGI’s research or consulting services.