All of the net inflows collected by UBS exchange-traded funds this year are into sustainable products, while its other ETFs have seen aggregate net outflows.
UBS Asset Management said its sustainable product range was “really where the growth is”, adding that the sales trend had been driven by switching from other funds as well as new money.
The asset manager has attracted net inflows of $9.8bn to its European ETFs over the year to date, including $10.2bn of net flows into sustainable investment products.
Clemens Reuter, global head of ETFs at UBS AM, said that while the business had “definitely expanded” its ETF assets, clients were also “switching mandates to sustainable”.
This article was originally posted on ft.com