The number of funds that use environmental, social and corporate governance (ESG) criteria in their investment approach has grown by 144 percent in the United States since 2004. Financial analysts say this growth reflects increasing interest in ESG investing.

Source: “Sustainable Reality: Analyzing Risk and Returns of Sustainable Funds,” Morgan Stanley, Morningstar, 2019, https://tinyurl.com/y4s8dzzw

Data for the graphic are as follows:

Year Number of Funds
2004 115
2005 127
2006 143
2007 154
2008 165
2009 163
2010 168
2011 174
2012 184
2013 189
2014 199
2015 225
2016 259
2017 283
2018 281

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