15 May 2013 | Press Releases
On 15 May 2013, ALFI, in association with LuxFLAG, organised its second Responsible Investing Conference in the presence of HHRRHH the Grand Duke and the Grand Duchess of Luxembourg. During the conference, a study by KPMG and commissioned by ALFI was presented, which draws a picture of the current state of the industry.
Responsible investing (RI) funds are showing strong growth, with assets under management increasing since 2010 by 19% from €199.9 billion to €237.9 billion, with the proportion of RI assets compared to the total assets in European funds increasing by 1.6%, according to ALFI’s second European Responsible Investing Fund Survey carried out by KPMG on behalf of ALFI. The survey, also sets out a number of challenges the industry must overcome if RI is to move from niche to mainstream, and sets out action points for players in the market, from asset managers to the European Commission and national regulators.
The survey, which covers the responsible investment fund market as at 31 December 2012, looks at the size of the market, investment categories and the domicile of funds. The RI fund universe in Europe identified in this study comprises 1,775 funds.
The five action points called for by the survey are:
Other findings of the survey include:
o Microfinance funds continued to grow both in number of funds and AuM (growth of 26%);
o 22 new Sharia-compliant funds were created in Europe, with the total number reaching 75 funds at the end of 2012;
o AuM in impact funds increased by 17%, with 44 funds totaling EUR 1.4 billion of AuM as of December 2012.