Luxflag sees 77% growth

Luxflag, which checks the ethical and responsible investment claims made by asset managers, said this week that it recorded a notable increase in the number of funds with its labels over the past year. Library picture: A Luxflag banner is seen at an industry conference, 22 October 2019. Photo credit: Patricia Pitsch

It has reported a 77% growth in the number of labelled funds in the last 12 months, including a 114% rise for the ESG label.

This increase resulted in a new total of 347 investment products which have been certified by Luxflag, with a total €150.5bn of assets under management. The funds are managed in 16 countries by 113 asset managers.

Over 24 months the increases were 197% for all labels and and 472% for ESG.