But when portfolios are not cap-weighted, green-oriented investments do better, the firm finds.
Riddle No. 2: Why are energy funds not the king of new investment dollars?
The $8.9 billion in inflows in the first six months smashes 2018’s full-year record.
Indexes now make up a bit more than one-third of funds, but will reach 50% in two years, the agency says.
Buyers of the funds triple in number, although these securities are still a small part of carriers’ portfolios, study says.
The bank’s big growth area continues to be broad beta ETFs.