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News Round Up: Scottish Widows, JP Morgan, Fidelity, and more

News Round Up: Sustainable fund assets surge, renewables 'unattractive', KKR India push

Sustainable fund assets surge a fifth in the third quarter

ESG fund assets pass $1trn milestone

Assets in sustainable funds have rebounded sharply following the market meltdown triggered by the Covid-19 pandemic, to hit a record high of $1.06 trillion, as of the end of June.

Morningstar takes full control of Sustainalytics

Financial services firm Morningstar has agreed to buy the 60% of Sustainalytics that it does not already own, in a deal that values the ESG research and ratings provider at €170 million ($184 million).

Sustainable equity funds becoming all-weather investments

The relative outperformance of ESG equity funds during the market correction caused by the coronavirus (Covid-19) pandemic proves they can be all-weather investments that will appeal to long-term investors, Morningstar's sustainability research head tells Ahren Lester.

European passive ESG bond fund market 'ripe for growth'

The market for environmental, social and governance (ESG)-focused European passive bond funds is "ripe" for rapid growth, according to a report.

Demand for strong ESG stocks could see costs rising, says Morningstar

Demand for stocks that score highly on environmental, social and governance (ESG) criteria means many are already costlier than their ‘conventional’ competitors – and this trend could be exacerbated in coming years, according to Morningstar Investment Management.

Refinitiv plans to launch fund sustainability ratings

Financial data giant Refinitiv, which owns Lipper, is planning to launch fund sustainability ratings, Environmental Finance has learned.

Morningstar expects record year of sustainable fund launches in Europe

A record number of sustainable fund launches are expected this year, said financial services firm Morningstar, with this growing segment of the market capturing two-fifths of net inflows in Europe.

Include proxy voting in Morningstar sustainability ratings, Pax urges

Morningstar should include in its sustainability ratings information on how funds vote their shares in line with advice from proxy voting firms, Pax World Funds has said.