Austrian sustainable funds see record rise in AUM to €22.4bn
Assets under management (AUM) for Austrian sustainability-driven investment funds rose by 29% to €22.4bn in the first half of this year, up from €17.3bn in 2020, according to figures published last week by the Vienna-based investment companies association VÖIG.
The number of sustainable funds on the market grew from 96 in 2020 to 106 in the first half of this year, figures show.
Last year the Fachverband der Pensionskassen, Austria’s occupational pension fund association, floated the idea of a “green supplementary pension” to push pension funds towards sustainable investments.
The largest share of assets is allocated to sustainable funds with a mix of bond and equity investments at €9.3bn, bonds-only funds follow with €6.5bn. Investments in sustainable funds with a focus on equities stood at €5.9bn and in sustainable real estate funds at €609m.
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