ESG funds Q3 outflows 2025 totalled USD55bn, Morningstar reported, driven by UK-domiciled BlackRock fund redemptions linked to a pension client’s shift into custom mandates. Excluding those withdrawals, sustainable funds still recorded USD7.2bn in net outflows versus USD6.2bn of revised inflows in Q2. Europe (ex-BlackRock) lost USD3.1bn and the US posted a 12th straight quarter of withdrawals at USD5.1bn. Asia ex-Japan added USD1.6bn, mainly from South Korea, Thailand, and Ta

Hong Kong family office incentives are being expanded as the city steps up its efforts to attract global wealth and strengthen its financial ecosystem. Financial Services Secretary Christopher Hui announced that new legislation will be introduced next year to extend tax concessions to carbon credits and digital assets, while also expanding eligible investments to private credit. Hong Kong aims to help 220 family offices establish or expand operations between 2026 and 2028, su

Global family offices are ramping up allocations to private credit in response to declining private equity (PE) yields, industry leaders...