U.S. Sustainable Funds See Modest Quarterly Inflows

Investors pulled money out of traditional U.S. mutual and exchange-traded funds in the third quarter, but their sustainable counterparts fared better, netting a modest gain despite lingering concerns over a global recession, inflation, rising interest rates, and the war in Ukraine.

U.S. sustainable funds saw a small net inflow of $459 million, a turnaround from the previous quarter when they suffered their first quarterly outflows in more than five years, shedding $1.6 billion, according to a new report from Morningstar (ticker: MORN). The broader market of conventional U.S. funds lost $86 billion during the quarter.

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