ESG funds "stemming the tide of outflows from equities" after another strong quarter, says Willis Owen's Lowcock

"ESG and socially responsible investment funds have been the overwhelming winner since the pandemic, and this has continued in the third quarter of the year," says Adrian Lowcock, Head of Personal Investing at Willis Owen. "Whether the 270 per cent jump in flows year-on-year into ESG funds is itself sustainable is not yet clear, but there is no denying that, given the scale of investment throughout the year, this feels like a longer-term shift in mindset rather than a knee-jerk trade.

 "Conversely, country-specific equity funds - in particular those investing in the UK - continue to struggle, and it is thanks to the strength of inflows into sustainable mandates that overall outflows from equities weren't higher."