Sustainable investment funds and ETFs booked outflows of $6.2 billion in the last quarter of 2022, reducing the net inflows for the year to $3 billion, a report by Morningstar has found. The final net result was made possible by massive inflows of some $10.2 billion made during the first quarter of the year, the Financial Times reported. The report also found that all U.S. mutual funds and exchange-traded funds booked net outflows last year—for the first time since Morningstar began tracking fund capital movements, which was in 1993. According…
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