Asset Management

BlackRock dominates UK sustainable flows despite ESG backlash in US

World's largest asset manager attracts £17.3bn into its UK green funds in 2022, while its US funds see zero net flows

Despite upping its lobbying spend last year, BlackRock struggled against political criticism of its ESG stance from American lawmakers
Despite upping its lobbying spend last year, BlackRock struggled against political criticism of its ESG stance from American lawmakers Photo: Leonardo Munoz/Getty Images

BlackRock dominated rival fund houses for sustainable fund flows in the UK last year in a sign the anti-ESG backlash in the US has not caught on across the pond.

Investors poured £17.3bn into BlackRock’s UK ESG funds in 2022, according to Financial News analysis of Morningstar Direct data.

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