At the end of last year, there were a record 1,206 mutual funds and exchange-traded funds globally with a climate-related focus, up from 950 at the end of 2021.
Just 58 sustainable exchange-traded funds launched globally in the first quarter of 2023, a far cry from the 101 funds that were introduced during the same period last year.
Family offices are among those watching the standoff between President Biden and Republicans in Congress over the debt ceiling, which could cause chaos in the markets.