Morningstar, an established investment research firm, estimates that globally there was over $3.0 trillion in specific ESG funds as of December 2023. This is up from $600 billion in March 2018, implying annualized growth of almost 31%.

However, since December 2021, total AUM has been range-bound, dipping to as low as $2.3 trillion before rising again.

Of total AUM, Morningstar estimates that about 80% is in Europe, 11% is in the U.S., and the balance is in other jurisdictions.

ESG Assets Under Management (AUM) Global and U.S. Perspectives — figure 2
Fig. 2 of 3 · Chart 2024-12 · Source: EPRINC
ESG Assets Under Management (AUM) Global and U.S. Perspectives — figure 3
Fig. 3 of 3 · Chart 2024-12 · Source: EPRINC

From the EPRINC Chart of the Week archive.