Ethical and sustainable funds continue to be among the best performers in the latest rebalance of the Crown Ratings, which have been published by global fund data and technology specialist, FE fundinfo.
With 17 funds gaining the highest 5-Crown rating, BNY Mellon’s Sustainable Global Equity and Sustainable Real Return, Jupiter’s Global Sustainable Equities and Montanaro’s World funds have all achieved the prestigious status at the first time of asking.
Charles Younes, Research Manager at FE Investments, says: “The strong performance of sustainably-focused funds has largely come about from a combination of favourable market conditions and growing interest in ESG investing from both investors, who are looking beyond returns and wanting to know where their money is going, and institutions and fund groups who are looking to diversify their propositions.
“The technology sector, where a lot of sustainable funds are concentrated, continues to perform well as many economies are adopting a hybrid home/office working approach as they emerge from the Covid-19 pandemic. Additionally, as ESG investing has taken off, many sustainable funds are now coming into maturity, having been launched three or more years ago and are now eligible for a Crown rating. That so many have been rated so highly and so soon, is testament to the strength of their proposition and their ability to capitalise on current market conditions.”