In the ESG mutual fund world, Parnassus
], and Pax
] are the big winners so far this year.
Per data compiled by Morningstar
, $739.9 million has net flowed into ESG (environmental, social, and governance) funds in the first six months of 2015. Of the 52 families with funds that fall under M*'s ESG classifications, it was the funds of Parnassus that brought in the most net inflows so far this year, $841.3 million in total. (Parnassus is also on the top of the list
of net ESG fund flows for the past decade.)
Number two in terms of ESG fund inflows so far in 2015 is Eventide, with $814.6 million in net inflows. (Eventide ranks third for the past 10 years.) Number three for the first half of 2015 is Pax, with $341.6 million in net inflows.
On the flip side, the fund families with the biggest net ESG outflows in the first half of 2015 were: Touchstone
], $406.7 million; Pimco
], $393.0 million; and Praxis
], $375.9 million.
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