Global assets in environmental, social and governance (ESG) focussed exchange-traded funds (ETFs) and exchange-traded products (ETPs) jumped by 2.9% during the first two months of the year.

Assets rose from $515.79bn at the end of December 2023 to $530.64bn at the end of February 2024, the research and consulting firm ETFGI has . That was “much lower” than last year’s pace, the firm stated. Nevertheless, February 2024 marked the “11th month of consecutive net inflows.”

Net inflows were bolstered by rises in key indices in developed and emerging markets.

Total assets have risen nearly sixfold (+497%) since the end of 2019.

There were “1,458 products, with 4,425 listings” offered by “240 providers listed on 46 exchanges in 36 countries, ETFGI stated.

Amundi had seven of the top 20 ESG ETFs that attracted the most net new assets in February 2024, while UBS had three and Ishares and JPMorgan each had two.

ETFs, or exchange-traded funds, and ETPs, or exchange-traded products, automatically track an index or type of financial asset, and can be bought or sold in real time on the stock market. Many investors put their savings in ETFs because they typically have lower management fees. ESG exchange-traded funds and ESG exchange-trade products use environmental, social and governance criteria to screen out and then select investments, in addition to financial measures.