Breaking down by asset class, equities saw the biggest year-on-year growth of 110%, followed by allocation (89%), and fixed-income funds (62%).
Investors – many of whom had increased the savings they wanted to invest – domiciled in Canada had more options, with 73 new products being launched in 2021 compared to 42 in 2020. Last year’s new fund attracted $3 billion in AUM, led by Fidelity Climate. $543 million of leadership.
The sustainable fund space remains the domain of a handful of major asset managers — including NEI Investments, RBC, Mackenzie, BMO, IA Clarington, Desjardins, and AGF Investments — currently managing 80% of assets.
Actively managed strategies accounted for 85% of assets in permanent funds, while passive strategies grew at a faster rate (160% year-on-year) than active strategies (90%) due to the former’s smaller base.
ending on a high
The performance of sustainable investment products in the fourth quarter of 2021 continued to delight investors.