Asian ESG funds excluding China saw a record $8.8 billion of inflows in Q3, according to Morningstar.

Total assets across active and passive sustainable funds in Asia rose $8.8 billion to more than $30 billion with flows nearly quadrupling in Australia and New Zealand in Q3 to $815 million. Taiwan recorded the strongest inflows outside of Japan, drawing about $800 million, thanks to new fund launches. Third-quarter data for China wasn’t available.

Asia accounted for about 11% of global inflows and 3% of sustainable fund assets globally with about 400 funds claiming to have sustainability or ESG criteria.