Fuse Blog

Thematic Funds Take a Hit, but Demand Continues

  • As of 2Q22, thematic fund assets were down approximately 31%, nearly erasing all the growth since the end of 2020 ($79 billion).
  • Yet, net flows remain positive in 2022, collecting more than $10 billion during the first two quarters.
  • ESG and Trend/Situational have been impacted the least, while Disruption and Specialty have witnessed the largest declines, especially due to their concentrated bets on technology and other sub-sectors.

Thematic Fund Assets by FUSE Type, 2015 – 2Q22 ($Billion)

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Source: Morningstar, FUSE Research Network